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 member of the 1992 United States men's Olympic basketball team ("The Dream Team"), which won the Olympic gold medal in 1992. After leaving the NBA in 1992, Johnson formed the Magic Johnson All-Stars, a barnstorming team that travelled around the world playing exhibition games. Johnson was honored as one of the 50 Greatest Players in NBA History in 1996. Johnson became a two-time inductee into the Basketball Hall of Fame—being enshrined in 2002 for his individual career, and again in 2010 as a member of the "Dream Team". He was rated the greatest NBA point guard of all time by