The Los Angeles Lakers today announced that Earvin "Magic" Johnson will return to the Lakers to assist Jeanie Buss in all areas of basketball and business as an advisor.

"We are thrilled and honored to add Magic's expertise and abilities, and I look forward to working alongside him." said Lakers Governor Jeanie Buss.

"Magic Johnson is one of the NBA's greatest players and it is terrific to see him returning to the Lakers," said NBA Commissioner Adam Silver. "He is a truly special person and a natural leader with a relentless passion for basketball and profound knowledge of the game."

"Everyone knows my love for the Lakers," said Johnson. "Over the years, I have considered other management opportunities, however my devotion to the game and Los Angeles make the Lakers my first and only choice. I will do everything in my power to help return the Lakers to their rightful place among the elite teams of the NBA."

Johnson's duties will include, but not be limited to, advising ownership on all business and basketball matters, collaborating with coaches, evaluating and mentoring players, assessing future franchise needs, and helping ownership to determine the best path for growth and success. Johnson will spend time at Lakers offices in El Segundo and will report directly to Jeanie Buss.

As per Lakers policy, terms of agreement will not be disclosed.