The cause of death was not disclosed.
Lloyd paved the way for black players when he made his NBA debut with the Washington Capitols in 1950.
He missed the 1951-52 season due to military service but later won a championship with the Syracuse Nationals and also played for the Detroit Pistons before retiring in 1960.
According to basketball-reference.com, Lloyd, a small forward, scored 4,682 points in 560 games.
(Reporting by Andrew Both in Cary, North Carolina; Editing by Peter Rutherford)