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.”

Report: Wizards not trading Bradley Beal, but if team slips Otto Porter could be available

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The Washington Wizards have won 7-of-10 and have climbed up to the nine seed, just a couple of games out of the playoffs in the East. Without John Wall, the Wizards are making a push to get into the postseason.

Which impacts whether they are willing to trade players at the deadline.

The Wizards are not trading Bradley Beal — the most coveted of their stars — but might be open to Otto Porter trades if the team slides back, reports Shams Charania of The Athletic.

Wizards star guard Bradley Beal is not going anywhere, which Washington has made adamantly clear, league sources told The Athletic. Depending on how the next week to two weeks shape up, the Wizards could look more aggressively toward moving Otto Porter. The Utah Jazz have been an interested suitor for Porter, league sources said.

History suggests the Wizards will not be sellers. The pattern for owner Ted Leonsis and GM Ernie Grunfeld has always been to think short term and make the playoff push, even when it was not the smart thing to do. We should expect that again. Maybe Washington crawls into one of the final playoff slots in the East, but is that the smart play?

Don’t expect the Wizards to move Porter, even if they wanted to finding a team to take on his $26 million for 13 points a game this season would be difficult (although Utah would be a good fit), plus Porter is owed $27.3 million next season and has a player option he very likely will pick up for $28.5 million two seasons from now.

Pacers’ Victor Oladipo stretchered off court after scary knee injury (VIDEO)

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Let’s hope this is not as scary as it looks.

Pacers’ All-NBA, All-Star guard Victor Oladipo was trying to defend a length-of-the-court pass to Pascal Siakam when Oladipo went down with a brutal knee injury were his kneecap was clearly not in the right place. Oladipo had to be taken off the court on a stretcher. The video is below, but be warned this is not pretty.

The team’s official announcement called the injry “serious.”

Oladipo is the Pacers’ best player and was a lock to be an All-Star reserve averaging 19.2 points, 5.7 rebounds, and 5.2 assists a game this season in Indiana. His efficiency had dropped his season as teams game planned more for him. Beyond that, you’d be hard pressed to find a kinder, more genuine person around the NBA than Oladipo.

Quickly the NBA community rallied on social media to Oladipo.

Grizzlies franchise burning down. Literally. They had a locker room fire Wednesday.

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Things have seemed like they are burning down around the Grizzlies the past few weeks: The team has lost 12-of-13 games and now long-time franchise stars Mike Conley and Marc Gasol are on the trade block.

Now the franchise is on fire — literally. They had a locker room fire in the FedEx Forum, which fortunately was small and no one was injured.

Fortunately, there were no injuries or serious damage.

But this seems about right for the Grizzlies lately.

After seeing specialist, Anthony Davis reportedly could return next week

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That huge sigh of relief you just heard came from New Orleans. The entire city.

Anthony Davis saw a specialist due to concerns about a possible avulsion fracture in his left index finger, and there were concerns this could have sidelined him for a month. It won’t. Davis could return next week, reports Adrian Wojnarowski of ESPN.

This is good news in New Orleans as the 22-25 Pelicans struggle without Davis on the court — they are 7.2 points per 100 possessions worse when their MVP candidate sits — and the team wants to make a push to the playoffs. Losing Davis for a long stretch of games would have ended that hope.

Along those lines, the Pelicans do not plan to trade Davis. It’s something that gets brought up as speculation (and Kevin Garnett encouraged Davis to act), but sources have been adamant to me saying no trade would happen during the season, something I heard going all the way back to Summer League last year. The Pelicans want to win and are the most aggressive team on the trade market right now looking to add players, they aren’t looking to sell.

Davis himself is not going to ask for a trade right now, reports Shams Charania of The Athletic.

Davis has yet to reach the point this season where he will request a trade, but a full evaluation of his seven seasons in New Orleans likely will come in the offseason.

Few people around the league think Davis will be with the Pelicans at the start of next season, but don’t expect him to get traded before the Feb. 7 deadline. That’s a July thing.