![]() “After there was this guy, Phil Knight, who just started Nike. “When I first came out of college, all the shoe companies came after me,” Johnson said. It’s hard to figure out the origin, but it gained steam for the first time in 2017 when Magic told the story on the Ellen DeGeneres show. Phil Knight, co-founder and chairman emeritus of Nike. By July 1979, Al Harden, who worked for Converse vice president of promotions Joe Dean, had signed Magic. At the time, was Nike ever said to be in the running? They were the leader and they always offered the most cash: $75,000 to $100,000 a year was in the offing for Magic and Larry. Johnson was obviously a huge star, the most outstanding player in the NCAA Tournament, beating Larry Bird and Indiana State in the final in March 1979. Circumstances surrounding Nike when Magic was a shoe-free agent? ![]() The latter part is creative hocus pocus and it’s not clear whether Johnson’s story is actually true. ![]() ![]() There was an actor playing Phil Knight making Magic the offer and there was the show saying that Johnson could have received 100,000 shares that would made him $5.2 billion today. The story of Magic Johnson turning down Nike founder Phil Knight’s offer to give him stock in 1979 was given new life this week when the story was recapped in the HBO series “Winning Time: The Rise of the Lakers Dynasty.” ![]()
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