This can be a acquainted story for followers of Magic Johnson, however the NBA legend has revisited the story amid the discharge of HBO’s new sequence, Successful Time: The Rise of the Lakers Dynasty. Again within the early Eighties, Johnson was a sizzling commodity and a number of other manufacturers had been clamoring for a second with the sports activities star. It was then that Johnson was weighing two choices: Nike or Converse. The Sports activities Rush studies that Nike’s presence wasn’t as nice as it’s right now, in order that they supplied Johnson “[$1] for each shoe that Nike bought and 100,000 shares in shares at 0.18$ per share.”

Nevertheless, Converse was properly established and as an alternative of inventory, they supplied Johnson $100K per 12 months. The Los Angeles Lakers icon opted for the latter and it’s a determination that continues to hang-out him.

Magic Johnson
Stephen Dunn / Employees / Getty Photos

Throughout a latest press convention, Johnson as soon as once more spoke about regretting his Converse deal and speculated how a lot cash he would have had right now if he had signed on Nike‘s dotted line.

“Now, I’ve by no means heard of inventory at 19-years-old. So, you’re taking this cash, I gotta take this money,” he stated. “Man, I might have been a trillionaire by now. If you concentrate on—in 1979! Gettin’ that inventory then! And what it’s value right now!? Yikes! It kills me each single time I take into consideration that. , like, man, Michael Jordan would have been making me a lot cash,” he added as the gang laughed.

We’re certain he isn’t the one athlete who has tales comparable to these. It is estimated that the sports activities icon misplaced out on a $5 billion payout. Watch the clip of Magic Johnson beneath.