How Much Did Magic Johnson Make As A Laker? A Look At His Salary

Magic Johnson signed a $25 million contract with the Lakers in 1981. This was a landmark deal, a 25-year contract that made him the highest-paid athlete in history at that time.

The contract was worth $84 million in today’s dollars, making it clear that Johnson was a major investment for the Lakers. This contract signaled a new era in professional sports, where players were becoming more valuable and commanding larger salaries. Johnson was a true game-changer, both on the court and off, and his contract reflected his impact.

It’s important to note that this $25 million contract was spread out over 25 years which was a very long time, making the annual salary relatively low compared to what players make today. The deal was still a huge sum at the time, and it cemented Johnson’s status as a superstar. It showed that the Lakers believed in him and were willing to pay for his talent and potential. It also set a precedent for future contracts, as athletes began to demand more and more money.