Magic Johnson Buss had given Johnson a contract that paid him $14 million a year, as payback for all the years he was not the league's highest paid player. Although Johnson's retirement prior to the 1992–93 NBA season voided this contract, Buss insisted that he still be paid. It was this arrangement that allowed Johnson to coach the team without receiving any additional salary. After Johnson ended his coaching stint, Buss sold him a 4% stake in the Lakers for $10 million, and Johnson served as a team executive. Johnson's autobiography is Other biographies include: Magic Johnson Earvin "Magic" Johnson Jr. (born
Magic Johnson 1998, Johnson hosted a late night talk show on the Fox network called "The Magic Hour", but the show was canceled after two months because of low ratings. Shortly after the cancellation of his talk show, Magic Johnson started a record label. The label, initially called Magic 32 Records, was renamed Magic Johnson Music when Johnson signed a joint venture with MCA in 2000. Magic Johnson Music signed R&B artist Avant as its first act. Johnson also co-promoted Janet Jackson's Velvet Rope Tour through his company Magicworks. He has also worked as a motivational speaker, and was an NBA commentator