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 coffee shops in urban areas. After showing Schultz the tremendous buying power of minorities, Johnson was able to purchase 125 Starbucks stores, which reported higher than average per capita sales. The partnership, called Urban Coffee Opportunities, placed Starbucks in locations such as Detroit, Washington, D.C., Harlem, and the Crenshaw District of Los Angeles. Johnson sold his remaining interest in the stores back to the company in 2010, ending a successful twelve-year partnership. Johnson has also invested in urban California real estate and financial service companies catering to America's underserved markets via his Canyon-Johnson and Yucaipa-Johnson funds. Another major project is