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 Buss at the hospital just a few months before his death from cancer. Speaking to media just hours after Buss had died, Johnson was emotional, saying, "Without Dr. Jerry Buss, there is no Magic." Buss acquired the team from Jack Kent Cooke in 1979, shortly before he drafted Johnson with the #1 pick in the 1979 NBA draft. In addition to playing 13 seasons for the Lakers and coaching the team briefly in 1994, Johnson also had an ownership stake in the team for nearly twenty years. Buss took a special interest in Johnson, introducing him to important Los Angeles