As the NBA gears up for potential expansion, the spotlight is on a familiar face making moves off the court. Magic Johnson, the Lakers legend, is positioning himself for a major role in bringing a new team to Las Vegas.
NBA Insider Evan Sidery recently shared that Johnson is actively pursuing majority ownership of a future NBA expansion team in Vegas. He's been busy meeting with key figures, including Nevada Governor Joe Lombardo, to discuss his vision of ownership and the creation of a cutting-edge arena on the Las Vegas Strip. Johnson's ownership resume is already impressive, with stakes in the Washington Commanders, Los Angeles Dodgers, LA Sparks, Los Angeles FC, and the Washington Spirit.
Magic’s basketball legacy is well-documented: five-time champion, three-time MVP, and a 12-time All-Star. From 1979 to 1991, he dazzled on the court with career averages of 19.5 points, 7.2 rebounds, 11.2 assists, and 1.9 steals per game. His post-playing career saw him advising the Lakers and briefly serving as their President of Basketball Operations.
Although he stepped away from front-office roles, Johnson's ownership ambitions have only grown. His involvement with the Dodgers, alongside Lakers owner Mark Walter, has bolstered his experience in the business side of sports.
With the NBA Board of Governors greenlighting expansion bids for Seattle and Las Vegas, Johnson is moving with intent. The challenge?
The estimated $7-$10 billion price tag for a Vegas team. Magic will need to rally some deep-pocketed partners to make this dream a reality.
While Mark Walter might not be an option, Johnson’s extensive network could provide the necessary backing. There's even speculation about LeBron James potentially joining the venture.
While the NBA hasn’t officially added new teams yet, Johnson's determination is clear. With his resources and drive, Magic is poised to potentially lead a new NBA franchise in the near future. If there’s a chance, you can bet Magic will be ready to make it happen.