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 a yearly charity event which included a celebrity basketball game and a black tie dinner. The proceeds went to the United Negro College Fund, and Johnson held this event for twenty years, ending in 2005. "A Midsummer Night's Magic" eventually came under the umbrella of the Magic Johnson Foundation, which he founded in 1991. The 1992 event, which was the first one held after Johnson's appearance in the 1992 Olympics, raised over $1.3 million for UNCF. Magic Johnson joined Shaquille O'Neal and celebrity coach Spike Lee to lead the blue team to a 147–132 victory over the white team, which