Magic Johnson had a salary of approximately $10 million per year with the Los Angeles Lakers.

"The man makes, my understanding, Magic Johnson was making a ton of money in this job. I believe in the neighborhood of $10 million per year," said Sam Amick on the Tampering podcast.

Johnson has a net worth over $500 million and runs a number of businesses. Johnson also has ownership stakes in the Los Angeles Dodgers, Los Angeles Sparks and LAFC.

The Lakers hired Johnson to become president of basketball operations in 2017 and stepped down this week.