Monday, October 18th, 2010 at 3:30 pm  |  68 responses

Magic Johnson Sells His Share of the Lakers

Magic no longer owns a part of the Lakers; he sold his share to a longtime season ticket holder. From the team’s website: “Los Angeles Lakers legend and part-owner Earvin ‘Magic’ Johnson has sold his share of the team to Dr. Patrick Soon-Shiong, it was announced today. The transaction price of Johnson’s share of the team is undisclosed. Lakers majority owner Dr. Jerry Buss had this comment on the transaction: ‘The sale of Earvin’s share of the team is a business decision which will not change our relationship. Our friendship goes well beyond business. Patrick is a long-time and passionate Lakers fan and we are delighted to have him as a partner’ … ‘After heavy deliberation and a weighing heart, I have decided to sell my share of the Lakers to Dr. Patrick Soon-Shiong. Dr. Soon-Shiong is a super Lakers fan, an outstanding businessman, a dedicated philanthropist and one of the most active community leaders in Los Angeles,’ said Johnson. ‘I am truly humbled to have been a Lakers player for 13 years and an owner for over 10 years. I thank Dr. Buss from the deepest part of my heart and soul for allowing me such an incredible opportunity. I will continue to work alongside Dr. Buss, Jeanie Buss and Mitch Kupchak in their efforts to continually build and maintain the best NBA franchise in the league. This was a bittersweet business decision made on behalf of my family and myself, and I want to assure all the wonderful and loyal Lakers fans that my decision will in no way affect my dedication and support for the Los Angeles Lakers. I am and will always be a Laker for life.”’

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  • IAMORANGE4EVER

    Magic is going to become a President/GM of an NBA franchise. Bank on it.

  • http://www.slamonline melvin ely

    I’d say Kobe has about 2-3 years left in him. It really has nothing to do with his physical state as an athlete, although a 35 yr old Bean would be significantly slower/less dominant that how he is now. The point is: yeah he can go for a couple more years, but does he really want to? He has 5 rings, possibly more before he retires, an MVP, his legacy is cemented, why would he want to keep playing? I understand he loves the game, but one thing y’all are forgetting bout Kobe: he loves competetion even more. If he gets to the point where he and/or the team he’s playing for can no longer compete, I’m betting the dude’ll just look back at all he’s accomplished and just go, “Huh. Looks like I’m done here.” and just hang it up. No shame in that, remember, MJ did that 3 times his entire career, and we all know how much Kobe loves to cop that guy :p

  • http://sdklff.com Jukai

    I can give you a big reason why Kobe would keep playing: beating Kareem’s record.

  • IAMORANGE4EVER

    Kobe > Magic? LMAO . . . Please, take the RED pill, and I’ll show you how deep the rabbit hole goes. smh

  • IAMORANGE4EVER

    The Lakers just lost their Magic. It’s all downhill from here on out.

  • http://www.slamonline melvin ely

    @Jukai: Is Kobe anywhere near Kareem’s record? I don’t have the numbers here but I would think that if you have multiple chips already to your name, possibly top 5 GOAT, that a flimsy scoring title wouldn’t matter as much.

  • http://www.kb24.com The Seed

    The REAL STORY, Magic got upset,when he realized during the playoffs that he was saying Kobe deserves a statue in front with him. Jerry West have stated that Kobe is the greatest Laker all time, because of talent Kobe played with and what Kobe has done in the game. I trust Jerry West the GM opinion over alot of yall. Kobe is the real deal, most know that, but Greatest Laker is he, and Magic came along and was great, but people forget Magic lost 4 NBA Finals and had more talent around him from day one. West was an NBA GM, so him saying that he feels KOBE is GREATEST seals the deal for me. BOOK IT!!

  • http://yahoo.com eboyhater

    so does this mean kobe isnt the second best player of all time? Go lakers seasons about to start three peat season starts now!!!

  • Hammer

    1.Magic 2.Kareem 3.Kobe

  • http://dsjfklf.com Jukai

    The Seed: West also said last year that Lebron was better than Kobe. Yep.

  • The Philosopher

    So, The King, who is not better than Earvin Magic, is better than Kobe, according to Jerome.
    I see.
    Jerome is an esteemed talent scout who has prestige and reverence amongst those associated with big time basketball, and others alike.
    Whom shall doubt Jerome in this topic of discussion?

  • The Philosopher

    So, now that means that Mamba is also not better than Earvin, being that The King is not better than Earvin.
    Mamba is known to not be better than Michael.
    Bean’s stock is falling right before my fingers.

  • http://www.kb24.com The Seed

    Jukai
    West said as an overall player Lebron is better, but want Kobe in 4th with ball. Also West stated Kobe has had a better career with the Lakers, thats the difference between him and Magic. Lebron hasn’t had a better record than Kobe, West just saying he feels he is a better player right now. Kobe is 32 Lebron is 26. COME ON MAN, Jukai you are smarter than that. Don’t get the two confused, West said Lebron better player right now overall, but stated Kobe has had a better career as a Laker. BOOK IT!

  • http://www.need4sheed.com Tarzan Cooper

    lebron has been better than kobe for a few years now, seed.

  • http://dsjfklf.com Jukai

    The Seed: Uh, not sure what point you’re trying to make. I know West said Lebron was a better player NOW and didn’t say Lebron was a better player at the same age. You just go around making it seem like Kobe at 32 is better than LEbron at 25. Have you changed your opinion?

  • EJ

    Lebron is more talented than Kobe, and can play better, but I don’t think he has the instincts and effort to be on Kobe’s level when something needs to be done. He’s too distracted and doesn’t work as hard. When you gotta win one game, you’re going with Kobe, when you gotta get a tripple double and get MVPs you’re going with Lebron. But one game, one shot, it’s Kobe all day. Lebron doesn’t have the desire.

  • Pingback: SLAM ONLINE | » Magic Johnson Wants the NFL Back in LA

  • http://slamonline.com Allenp

    What up DK?
    Y’all tripping on how awesome Kareem was when Magic first got in the league.
    That is all.

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