Magic Johnson

Los Angeles Lakers, Point Guard
Age: 65-125d (Aug 14, 1959)
Exp: 14 Years
Country: US
College: Michigan State
Drafted: Round 1 (#1 overall), 1979
RETIRED

1984-2009 Veteran Extension

Magic Johnson signed a 25 year , $25,000,000 contract with the Los Angeles Lakers, including $25,000,000 guaranteed, and an average annual salary of $1,000,000.
Contract Terms:
25 yr(s) / $25,000,000
Average Salary:
$1,000,000
GTD at Sign:
$25,000,000
Total GTD:
$25,000,000
Signed Using:
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1979-1983 Rookie

Magic Johnson signed a 5 year , $2,300,000 contract with the Los Angeles Lakers, including $2,300,000 guaranteed, and an average annual salary of $460,000.
Contract Terms:
5 yr(s) / $2,300,000
Average Salary:
$460,000
GTD at Sign:
$2,300,000
Total GTD:
$2,300,000
Signed Using:
Free Agent:
1984 / UFA
Spotrac Premium Tools
To see the rest of the Magic Johnson's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here
Seasons

14 Years

Career Earnings thru 2024

$39,342,860

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
1979 20
Active
$460,000
$460,000
1980 21
Active
$460,000
$920,000
1981 22
Active
$460,000
$1,380,000
 Champion
1982 23
Active
$460,000
$1,840,000
 Champion
1983 24
Active
$460,000
$2,300,000
1984 25
Active
$1,000,000
$3,300,000
1985 26
Active
$2,500,000
$5,800,000
 Champion
1986 27
Active
$1,000,000
$6,800,000
1987 28
Active
$2,500,000
$9,300,000
 Champion
1988 29
Active
$3,142,860
$12,442,860
 Champion
1989 30
Active
$1,000,000
$13,442,860
1990 31
Active
$2,400,000
$15,842,860
1991 32
Active
$2,500,000
$18,342,860
1992 33
Active
$2,500,000
$20,842,860
1993 34
Active
$2,500,000
$23,342,860
1994 35
Active
$1,000,000
$24,342,860
1995 36
Active
$1,000,000
$25,342,860
1996 37
Active
$1,000,000
$26,342,860
1997 38
Active
$1,000,000
$27,342,860
1998 39
Active
$1,000,000
$28,342,860
1999 40
Active
$1,000,000
$29,342,860
 Champion
2000 41
Active
$1,000,000
$30,342,860
 Champion
2001 42
Active
$1,000,000
$31,342,860
 Champion
2002 43
Active
$1,000,000
$32,342,860
2003 44
Active
$1,000,000
$33,342,860
2004 45
Active
$1,000,000
$34,342,860
2005 46
Active
$1,000,000
$35,342,860
2006 47
Active
$1,000,000
$36,342,860
2007 48
Active
$1,000,000
$37,342,860
2008 49
Active
$1,000,000
$38,342,860
 Champion
2009 50
Active
$1,000,000
$39,342,860
 Champion
Total
$39,342,860

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
31 $39,342,860 - - $39,342,860
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
1979
20
$460,000
$460,000
$460,000
1980
21
$460,000
$460,000
$920,000
1981
22
$460,000
$460,000
$1,380,000
1982
23
$460,000
$460,000
$1,840,000
1983
24
$460,000
$460,000
$2,300,000
1984
25
$1,000,000
$1,000,000
$3,300,000
1985
26
$2,500,000
$2,500,000
$5,800,000
1986
27
$1,000,000
$1,000,000
$6,800,000
1987
28
$2,500,000
$2,500,000
$9,300,000
1988
29
$3,142,860
$3,142,860
$12,442,860
1989
30
$1,000,000
$1,000,000
$13,442,860
1990
31
$2,400,000
$2,400,000
$15,842,860
1991
32
$2,500,000
$2,500,000
$18,342,860
1992
33
$2,500,000
$2,500,000
$20,842,860
1993
34
$2,500,000
$2,500,000
$23,342,860
1994
35
$1,000,000
$1,000,000
$24,342,860
1995
36
$1,000,000
$1,000,000
$25,342,860
1996
37
$1,000,000
$1,000,000
$26,342,860
1997
38
$1,000,000
$1,000,000
$27,342,860
1998
39
$1,000,000
$1,000,000
$28,342,860
1999
40
$1,000,000
$1,000,000
$29,342,860
2000
41
$1,000,000
$1,000,000
$30,342,860
2001
42
$1,000,000
$1,000,000
$31,342,860
2002
43
$1,000,000
$1,000,000
$32,342,860
2003
44
$1,000,000
$1,000,000
$33,342,860
2004
45
$1,000,000
$1,000,000
$34,342,860
2005
46
$1,000,000
$1,000,000
$35,342,860
2006
47
$1,000,000
$1,000,000
$36,342,860
2007
48
$1,000,000
$1,000,000
$37,342,860
2008
49
$1,000,000
$1,000,000
$38,342,860
2009
50
$1,000,000
$1,000,000
$39,342,860
Total
$39,342,860
$39,342,860

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
31 $39,342,860 - - $39,342,860
  • Jul 17, 1996 Los Angeles (LAL) renounced free-agent exception rights
  • May 14, 1996 Retired from Professional Basketball
  • Jan 20, 1996 Signed a contract with Los Angeles (LAL)
  • Jan 20, 1996 Came out of retirement to resume professional basketball career
  • Nov 03, 1992 Waived by Los Angeles (LAL)
  • Nov 03, 1992 Retired from Professional Basketball
  • Oct 01, 1992 Signed an extension with Los Angeles (LAL)
  • Sep 29, 1992 Came out of retirement to resume professional basketball career
  • Nov 07, 1991 Retired from Professional Basketball
  • Aug 01, 1984 Signed a contract with Los Angeles (LAL)
  • Aug 01, 1979 Signed a contract with Los Angeles (LAL)
  • Jun 25, 1979 Drafted by Los Angeles (LAL): Round 1 (#1 overall)
Year Team GP GS Min/Gm Pt/Gm Reb/Gm Ast/Gm Stl/Gm Blk/Gm FG% 3PT% FT%

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TRANSACTIONS

Jul 17, 1996
Los Angeles (LAL) renounced free-agent exception rights
May 14, 1996
Retired from Professional Basketball
Jan 20, 1996
Signed a contract with Los Angeles (LAL)
Jan 20, 1996
Came out of retirement to resume professional basketball career
Nov 03, 1992
Waived by Los Angeles (LAL)
Nov 03, 1992
Retired from Professional Basketball
Oct 01, 1992
Signed an extension with Los Angeles (LAL)
Sep 29, 1992
Came out of retirement to resume professional basketball career
Nov 07, 1991
Retired from Professional Basketball
Aug 01, 1984
Signed a contract with Los Angeles (LAL)
Aug 01, 1979
Signed a contract with Los Angeles (LAL)
Jun 25, 1979
Drafted by Los Angeles (LAL): Round 1 (#1 overall)

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