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 Foundation of special events and activities known as MJF: 20. The campaign commemorates twenty years of distinguished service and impact. Magic Johnson Foundation The Magic Johnson Foundation, founded by Magic Johnson in 1991 the same year Magic Johnson retired, works to develop programs and support community-based organizations that address the educational, health and social needs of ethnically diverse, urban communities. MJF has three strategic priorities: HIV/AIDS, Scholarship, & Community Empowerment Centers. Currently, the Foundation serves more than 250,000 individuals each year through direct and collaborative services and programs that enhance the lives of economically challenged people and empower underserved communities. 2011