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 of power forward. A few days later Johnson changed his mind and retired permanently, saying, "I am going out on my terms, something I couldn't say when I aborted a comeback in 1992." Determined to play competitive basketball despite being out of the NBA, Johnson formed the Magic Johnson All-Stars, a barnstorming team composed of former NBA and college players. In 1994 Johnson joined with former pros Mark Aguirre, Reggie Theus, John Long, Earl Cureton, Jim Farmer, and Lester Conner, as his team played games in Australia, Israel, South America, Europe, New Zealand, and Japan. They also toured the United