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 for Turner Network Television for seven years, before becoming a studio analyst for ESPN's "NBA Countdown" in 2008. Johnson runs Magic Johnson Enterprises, a conglomerate company that has a net worth of $700 million; its subsidiaries include Magic Johnson Productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a film studio. In addition to these business ventures, Johnson has also created the "Magic Card", a pre-paid MasterCard aimed at helping low-income people save money and participate in electronic commerce. In 2006, Johnson created a contract food service with Sodexo USA called Sodexo-Magic.