Magic Johnson sells his shares of the Lakers, looks to purchase another team

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Magic Johnson has nothing to do with the Lakers.

Well, not exactly, he will forever be a Laker in everyone’s minds, forever wearing the “Forum blue and gold” in the hearts of Lakers fans. But now he has no actual ties to the team

Magic Johnson is selling his shares of the Lakers.

“After heavy deliberation and a weighing heart, I have decided to sell my share of the Lakers to Dr. Patrick Soon-Shiong…” Johnson said in a press release on the Lakers Web site. “I am truly humbled to have been a Lakers player for 13 years and an owner for over 10 years. I thank Dr. Buss from the deepest part of my heart and soul for allowing me such an incredible opportunity. I will continue to work alongside Dr. Buss, Jeanie Buss and Mitch Kupchak in their efforts to continually build and maintain the best NBA franchise in the league. This was a bittersweet business decision made on behalf of my family and myself, and I want to assure all the wonderful and loyal Lakers fans that my decision will in no way affect my dedication and support for the Los Angeles Lakers. I am and will always be a Laker for life.”

“The sale of Earvin’s share of the team is a business decision which will not change our relationship,” Lakers owner Jerry Buss said in the same release. “Our friendship goes well beyond business. Patrick is a long-time and passionate Lakers fan and we are delighted to have him as a partner.”

Magic Johnson wants a larger role in team ownership and talked about that back in August. He wants more of a Michael Jordan role in Charlotte, as one of or the main face of franchise ownership. That was never going to happen with the Lakers, where the Buss family has no plans to sell. Magic’s name came up on the periphery of the sales of the Golden State Warriors and Detroit Pistons (and that Pistons sale has yet to go through and Magic is from Michigan and… we’re just speculating here).

But you cannot own parts of two NBA franchises, so Magic had to get out of the Lakers before he could be serious elsewhere.

It makes sense why he did it, but still it feels unsettling and wrong. Magic Johnson is as much a Laker as anyone, and if you doubt that watch one night here in Los Angeles at how many people get their picture taken with his statue out in front of Staples Center. He is a Laker icon. A Los Angeles icon for his work with HIV/AIDS and off the field bringing business to the inner-city.

This has happened other places — Larry Bird may run the Pacers but he is forever a Celtic. The same is true here. Still feels odd.

As for the new Lakers owner, Dr. Soon-Shiong, we don’t know much — except that he is the richest man in Los Angeles, worth an estimated $7.1 billion. How did he get so rich? The official release from the Lakers has some of the details, but suffice to say he is just smarter than you and me.

Dr. Soon-Shiong, a Lakers season seat holder for more than 25 years, is Chairman of the Chan Soon-Shiong Family Foundation, Chairman and CEO of All About Advanced Health and founder of the National Coalition for Health Integration. He is the Executive Director of the UCLA Wireless Health Institute and Professor of Microbiology, Immunology, Molecular Genetics and Bioengineering at UCLA. Dr. Soon-Shiong is a fellow of the American College of Surgeons and the Royal College of Physicians and Surgeons of Canada. In 1993, he performed the world’s first encapsulated human islet transplant and the first pig to man islet cell transplant in diabetic patients.

“It is an honor for me to be part of the Lakers family and the nation’s foremost basketball franchise,” said Soon-Shiong. “The Lakers’ leadership and spirit of community engendered by Dr. Jerry Buss and his family is an inspiration to us all. Our family looks forward to a future filled with the excitement this team brings to the city and the nation. Earvin Johnson is a shining example of excellence on and off the court, and it is a privilege to have acquired his ownership position.”

Jahlil Okafor says he’s “learned how to identify and manage different stressors such as anxiety”

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Jahlil Okafor is trying to take advantage of his chance with the New Orleans Pelicans this season.

He talked about it in an Instagram post, and most people focused on the pictures of his improved physique. Which is improved.

My summer of transformation: First off I want to thank @idanwan & @dzandertraining for getting after it with me the moment my season ended. Grateful to have two of the best in their respective fields work with me all summer. Although the physical changes in this photo are evident, their has been extreme growth unbenounced to the eye. I’ve learned how to identify and manage different stressors such as anxiety. Learning how to identify certain stressors has also allowed me to over come them. Often times because of my size and profession people may view me in a certain way, but in reality I deal with the same struggles as countless others. Mental health awareness is a cause I will fight for the rest of my life and if you’re struggling today don’t be afraid to speak with someone and seek help. I would like to thank @kevinlove and the @playerstribune for helping me identify my feelings and informing me what I was dealing with was in fact normal. 6 weeks left in the off season; with a lot more work to do!

A post shared by Jahlil Okafor (@jah8) on

However, the text was interesting:

I’ve learned how to identify and manage different stressors such as anxiety. Learning how to identify certain stressors has also allowed me to over come them…. Mental health awareness is a cause I will fight for the rest of my life and if you’re struggling today don’t be afraid to speak with someone and seek help. I would like to thank @kevinlove and the @playerstribune for helping me identify my feelings and informing me what I was dealing with was in fact normal.

NBA players stepping forward and admitting they need help dealing with mental challenges and illness is a good thing. Kevin Love helped Okafor, and hopefully Okafor talking about it will help others.

Okafor has a clean slate in New Orleans. He missed much of last season due to injury, and between his time with the Sixers and Nets he was on the court for just 353 minutes total. In New Orelans there are bench minutes available (behind Anthony Davis, Nikola Mirotic, and Julius Randle, but Okafor needs to show he can run the floor and play the up-tempo style the Pelicans employ. Okafor’s below the rim, back-to-the-basket offensive game, plus he poor defense, have held him back. If he’s got his body and mind right, maybe some of that can change.

Rockets waive R.J. Hunter, he’s a free agent. Again.

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R.J. Hunter has just not been able to find a home and stick in the NBA. He was a first-round pick of the Boston Celtics in 2015 and expected to be a sharpshooter at the NBA level. He went on to play in 35 games for Boston his rookie season, but during the following training camp they cut the former Georgia Tech shooting guard. The Chicago Bulls picked him up on a non-guaranteed minimum contract, he played a total of three games for them, then was cut loose. Houston eventually had him on a two-way contract the second half of last season, where he played five games for the big club and spent most of the season in the G-League.

He played for the Rockets at Summer League and averaged 11.2 points a game on just 40 percent shooting. Now, the Rockets have cut him loose, too. Via Shams Charania of Yahoo Sports (for now, he moves over to The Athletic in the coming weeks).

Hunter will look for another chance in the NBA via the G-League, although he may be at the point he considers the overseas money he could earn.

In the G-League last season, playing for the Rio Grande Valley Vipers, he averaged 20.4 points per game with an impressive 60.4 true shooting percentage, and shot 37.7 percent from three. However, he has never been able to transfer those numbers, or anything close to it, over to the NBA level. He has tried to broaden his game and be more than a shooter, but the consistency has just never been where he needs it to be.

He has talked about learning and maturing through all of this. Hopefully he has, and it pays off for him at his next stop. Wherever that may be.

Kobe Bryant’s $6 million investment in BodyArmor now worth estimated $200 million

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And the rich get richer.

Kobe Bryant is a smart man who studies whatever he does. He was that way on the court, breaking down film on opponents and knowing what was coming next, being one step ahead. He’s done the same in his post-NBA life, which is in part how he won an Oscar.  He is calculated.

The same with his investments. Before he stopped playing, he invested in a new sports drink called BodyArmor. (Did you notice the last couple years of his career he always took down or at least turned the label away of NBA sponsor Gatorade when he sat at a podium to speak?) This week, his investment in that company paid off big time, reports Darren Rovell of ESPN.

On Tuesday, Coca-Cola announced it had purchased a minority stake in sports drink BodyArmor.

Bryant made his first investment in the brand, for roughly 10 percent of the company, in March 2014, putting in roughly $6 million over time. Based on the valuation of the Coca-Cola deal, his stake is now worth approximately $200 million, sources told ESPN.

At least where I shop, BodyArmor — marketed as a healthier alternative to the other sports drinks — is showing up in the same spaces as Gatorade, Powerade, and the rest. It’s got a growing market share, with more than $400 million in sales expected this year.

I guess Kobe can afford college for his daughters now. Although, he may have already had that covered.

Check out Trae Young, Carmelo Anthony getting buckets at ‘Black Ops’ run in NYC

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Chris Brickley runs one of the best, most star-studded NBA summer runs anywhere in the nation out of his facility in New York. (You can learn more about him and what he does in the video above.)

Right now, Carmelo Anthony and Trae Young are among the names there — and they are getting buckets. Check out some videos.

“They’re all competitive, they got to the NBA because they’re competitive athletes. It’s the off-season, so you might as well, if you can, play against some elite talent, they do it…” Brickley told NBC Sports earlier this summer. “It’s personal. Certain guys have certain rivalries against other guys, whether they are superstars or not superstars, so when it’s time and that other player is guarding them, they’re not going to want to be embarrassed in front of their peers. There’s 10-15 other NBA players in there.”

‘Melo and Young look good in these clips. Granted, this is summer run and no matter the level it has to come with a grain of salt — these are not NBA defenses and systems. It’s still summer ball. But if you’re a Hawks or Rockets fan (or a fan of Miles Bridges, or Mo Bamba, or some other NBA guys) you have to like what you see.

Some fans decided to go after Anthony in the comments on some of these videos, and he gave it right back (NSFW language):

For the record, if you feel the need to insult an NBA player in the comments of an Instagram feed of some summer run, you may want to step back and examine where things went sideways in your life.