Magic Johnson

Los Angeles Lakers, Point Guard
Age: 65-117d (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
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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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