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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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  • http://sdklff.com Jukai

    How much of a share did he have? Was it 20% or was it .5%? That sort of makes a difference.
    I’m far too lazy to check the article.

  • http://www.slamonline.com Eboy

    The greatest Laker of all-time should just have an automatic place in the organization, wherever he sees fit.

  • NAS

    now he can concentrate on hustling black people out of their money and offering great minimum wage job opportunities in starbucks

  • onlyclipsfanonslam

    “Strictly business decision” means Magic got an offer he couldn’t refuse

  • Jos Skiff

    The sale frees him to purchase or partner with purchasers of an NBA franchise where his ownership, decisions and management would be significant.,, that is not the current roll he has as an investor with the Lakers.

  • DK Wilson

    Nas-
    Never has a more real statement been made about Johnson. Other than that he was the “source” behind all the “press leaks” when all that nonsense was going on with Kobe and the Lakers mgmt.

  • Joe

    Second greatest Laker of all-time*

  • http://www.google.com/news BETCATS

    He sold at a smart time. The Lakers cant get much hotter than they are right now and he obviously has some sort of plan for the money. Good business move.

  • http://www.slamonline.com Eboy

    Anyone that thinks Magic isn’t the greatest Laker of all-time must have relations (sexual or by blood) with/to Kobe Bryant. That is all.

  • marc

    Wow thats real mature. lol

  • http://slamonline.com Bryan Crawford

    E, as big of a Kobe fan as I am, that’s a debate even I won’t engage in. 9 Finals appearances between ’80-90, 5 rings. Magic is #1, Kobe #2 for sure.

  • onlyclipsfanonslam

    Hmm I think Magic is the greatest Laker, but this is a great debate. Food for thought. Magic is the franchise leading assist man, in a franchise that don’t have a history of great point guards. Kobe is the franchise points leader, in a franchise that has some of the greatest scorers of all time (Cap, West, Baylor, Wilt, Shaq). Good arguments can be had either way. But when you think Lakers you think Magic because he matches up with that showtime mindset. But in terms of statistics and accomplishments Kobe is up there.

  • http://sdklff.com Jukai

    Question: I say Magic is the better Laker now, but what if Kobe plays a 20-year career with the Lakers? what then?

  • http://www.slamonline.com Eboy

    If there was no Shaq, Kobe’s Laker legacy would just be rounding into form in the past three seasons. As great as Magic’s squads were, he was ALWAYS the leader and the face of the franchise. It’s hard to argue that Magic’s teams (and their’s and his accomplishments) cemented the Lakers as one of the two greatest franchises in the sports history.

  • joke

    lets not be stupid,81 points?successive 40 plus points games?3-peat?most 3 points made?back to back?3 finals in a row,maybe 4 comin up?the closest thing to michael jordan(probably in the same breath if he win next summer)?and u consider him below magic?lmao.joke.magic was great but kobe is simply amazing.how many greats were playing alongside magic?(e.g. kareem).fyi;kareem is better than shaq and pau yet kobe still won.greatest laker?kobe bryant.no doubt,no arguments.

  • http://www.slamonline.com Eboy

    It wouldn’t compute, Jukai, Magic didn’t play 20 years and had his career cut short. Sure it may play out that Kobe would have the greater list of accomplishments when all is said and done but in no way would he ever be as beloved by fans everywhere (except Boston) than Earvin was and that’s a huge distinction.

  • http://www.slamonline.com Eboy

    As that dude’s name implies, his argument is a joke.

  • http://sdklff.com Jukai

    Eboy: You gotta take into account career longevity. That’s why Parish is even notable. If Kobe plays out 20-years of Lakers playoff victories and great memories, can we really say Magic’s 12-year career was better?
    I agree there’s very little contest right now.
    Joke’s argument is funny. Kareem IS better than Shaq… yet when Magic came in, he almost instantly overshadowed Kareem. When Kobe came in, he was number 2 to Shaq until the day Shaq shipped out.
    Soooooooo….

  • http://www.slamonline.com Eboy

    I’ll tell you what’s “simply amazing”….Magic’s performance, as a rookie, without the great Kareem, in the title clinching win in 1980. As a 20 year old. Against a great 76er team. I can’t remember what Kobe was doing at 20.

  • http://sdklff.com Jukai

    You mean when Magic played incredible in one game and stole the Finals MVP away from Kareem, who rightfully deserved it after playing incredible for five games?

  • flipnoyce

    Magic is definitely the greatest Laker who suited for the purple and gold. Kobe had one blond encounter and gets no love. Magic had multiple orgies and got HIV from and still get some respect(xoxoxo). If I could start a franchise between the two I’d definitely choose Magic in a heartbeat, because he was showtime.

  • http://www.slamonline.com Eboy

    Did I mention the MVP award, schmukey? I did not. He played an incredible game in the biggest moment, and maybe best game, of his career. You fail. I love you.

  • bdub

    You’re Joking

  • bdub

    ^In reference to the Joke

  • unrel

    magic selling his share… let’s see if he becomes owner of the D-tweezy pistons..

  • http://www.slamonline.com Eboy

    42-15-7-3-1

  • Robb

    I think Magic is the greatest Laker and Kobe is the best player in the history of the franchise. Being the best and the greatest are not synonyms IMO.

  • flipnoyce

    Maybe Magic bought shares elsewhere like the Heat, just a thought. Why would he sell now when the Laker is going for a 3peat. Maybe he knows the team is incapable, hahaha!

  • Clay

    KOBE > MAGIC. Its a close call, but Kobe takes it.

  • unrel

    i think Robb might be on to something.. let’s not forget Jerry West.. he not only won with the team.. he’s built a winning team.. as a lakers fan.. it’s great to have a debate about who the best laker is.. because i can choose from two handfuls.. including chick hearn..

  • http://www.slamonline.com James the Balla

    co-sign Robb. And how can Kobe not Contest?
    He owns almost every Laker accomplishment, he has 5 ships, and 7 finals. He has already had a longer career, and a bigger fan base, because Magic played with MJ and Bird. Kobe could still put in another 8 years in the league. Right now there is a good argument for both sides, either one you picked wouldn’t be wrong. But in another 4 years, once Kobe beats Orlando in the finals this year. He will be at 6 ships. Than Magic is gone, and hello MJ. : D lol … thats right eboy, Orlando.
    GULP GULP SLURPP mmmm

  • http://www.slamonline.com James the Balla

    Better question, who is the greatest Heat player ever?
    Leb… sorry lol. Wade? Zo? Rice? Hardaway? Majerle?

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

    Magic needs money. Hes such a failure as a businessman, but many(espn, etc) say hes a great one. Come work at magics theater for 7.50 an hour! Its great for your community. Reminds me of chapelles show sketch mocking mcds ads. Wacarnolds! ……. ….. … .. And whats all this of kobe playn 8 more years?! Lol! Dude is gonna fall apart in 3 yrs. Kobes time is up, no more titles, just the one mvp. Its just all stars from now on…. .. .. He had a nice run

  • http://sdklff.com Jukai

    Eboy: Touche, good sir. Touche. But in fairness, I never mentioned you were wrong in my post either.
    I’m just saying, that Finals MVP Magic got was crap. Kareem was putting up 33-14 with 4 and a half blocks, and that number would even be higher had he not sprained his ankle and gimped through the second half of game 5.
    Kobe fewer MVPs and Finals MVPs than Magic does. So I don’t think he owns every Laker accomplishment. But if he plays 20-years, it’s gonna be close.
    Wade is easily the best Heat player ever.

  • http://www.slamonline.com James the Balla

    lol Kobe’s time is up …
    27 – 5.4 – 5 – 1.6 in 38 minutes on a bum knee and a hurt finger and now he is done? Interesting. So Wade is done as well? Nash? CP3? KG? Ray? Pierce? This off season has mad people crazy, 4 months ago the Lakers won a ship that they weren’t suppose to win, and 16 months ago, the same thing. Fish sucks, Kobe is too old and sucks and his time is up, Pau is weak, Ariza isn’t a good shooter, Artest isn’t as good as Ariza which means the office of the Lakers is stupid, Bynum sucks and is injury prone, Lamar only shows up 1 game out of every 5/6. Yet, every year, the Lakers show up and beat your teams a$$ (except for the Bobcats). The only reason the Lakers may not do good this year is because they will be slow … gold rings weigh a lot more than, well, nothing!

  • http://www.slamonline.com James the Balla

    Juk’s, let me ask than. If Wade and bron and Bosh go for, lets say 3 ship in 6 years. Who is better, Wade or Bron? And I am asking the question as if both are not injured (mainly Wade).

  • http://www.slamonline.com James the Balla

    made*

  • JTaylor21

    Kobe can play 8 more years WHAT????? The Lord of the Idiots has just blessed us with another gem from his block of cement he calls a brain.

  • http://www.slamonline.com James the Balla

    lol So how many years can he play for? How old is Derek, or Shaq, or Nash? Let me guess, Kobe can’t do it because he sucks? Kobe can’t play until he is 40 because … the only reason that makes any sense is because he said once that he will retire when he isn’t a top dog in the NBA anymore. He wants to go out on top. And maybe if he catches a bad enough injury, like Tmac. But he loves the game, so who knows when he will retire. I know my paragraphs don’t make much sense to you JT because I am not calling people names, and talking smack for being from Europe or bringing up Nazi’s, and maybe I didn’t swear at everyone before I make a point. But hey … to each their own.

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

    James, I said no more titles. Youre listing everything from the past=irrelevant. Kobe is 32, is hurt more and more, and has SERIOUS contenders. He still has possibly the best team, so thats a plus. But I dont see lal winning any more titles.

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

    Derek, snaq, and nash were never as injury prone as kobes been the past couple years. Boo boos will be beans downfall. …. … … Btw, 38 yr old grant hill is fukkn amazing

  • bdub

    @James the Baller. 8 Years is a stretch due to the fact he came straight from High School. I.E. He has logged a lot of Minutes. Therefore it is logical to infer that he will retire at 37 not 40.

  • http://sdfjksdlf.com Jukai

    I don’t think it logically makes sense that he’ll retire at 37 and not 40. He logged more minutes but it’s not like he’s aged three years faster. He may not be as EFFECTIVE and may retire a year early, but I don’t think the greater minutes you play instead of going to college are going to actively add a year to his age.

  • http://www.slamonline.com James the Balla

    bdub, I agree fully. 37 is the age I believe Kobe will retire. But people are acting like Kobe is going to retire next week. Give me a 36 year old Kobe over a 34 year old Pierce any day!

  • CARTEL

    Magic, you won how many championships? You are a Hall of Famer. You helped put the Lakers on the map. Your jersey hangs in the stands. Not to mention that you made MILLIONS as a Laker and I’m sure you made MILLIONS more from selling your share. BOTTOMLINE, YOU ARE FOREVER CONNECTED TO THE LAKERS AND ABSOLUTELY NOTHING CAN CHANGE THAT!!!…

  • bdub

    @Jukai he is definately slowing up. I think he is in a similar situation body wise to KG. The NBA is more rigorous than college and the training required is also tough. I just dont see a guy who came into the league as an 17/18 year old lasting till 40.
    @James the baller: Agreed re: PP and Kobe

  • http://sdklff.com Jukai

    Bdub: I don’t see him playing at his HEIGHT until 40. I can see him still scoring 15-20 as a sixth man on a contender team.
    If he allows himself to be.

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

    James, the problem is you dont know what a 36 year old kobe is like. 32 yr old kobe is perpetually injured and visibly losing his athleticism. Pierce is still playing very well and is more durable. Besides, he never had alot of athleticism to begin with. I think kobe has 2, maaaaybe 3 more years at about this level, then he will drop considerably. Time is undefeated.

  • onlyclipsfanonslam

    @cartel umm the Magic did not put the Lakers on the Map. They have always been a premier franchise

  • The Philosopher

    Some of my arguments about Earvin being The G.O.A.T. must have really struck home.

  • 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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