Magic Johnson voluntarily surrendered part of his salary so the Lakers could acquire Terry Teagle from the Golden State Warriors, General Manager Jerry West said today.

“Knowing we needed another first-rate player, Magic came to me several weeks ago and offered to give up part of his salary if we needed room under the salary cap to get a player we wanted,” West said in a statement released today.

West said the Lakers couldn’t have made the trade without Johnson’s help.

“We didn’t have enough money under the cap to pick up Terry’s contract without Magic giving up a substantial amount of his own salary,” West said.


“You read so much these days about renegotiations and holdouts, it is important that fans know of Magic’s unselfishness. In my mind, it is further proof that he is the ultimate team player.”

The amount of money Johnson relinquished was not disclosed.

Johnson, who won his third NBA Most Valuable Player award last season, said he was willing to give up a substantial sum of his salary because winning is more important.

“It’s about winning,” Johnson said. “Of course money is great, but I play to win and that’s why I did it.”