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"So today I'm going to step down as president", Johnson said.

Johnson admitted he was considering firing Walton, even though the head coach has still two years left on his contract. "Jerry Buss demanded and our fans rightfully expect", referring to her late father, under whom the Lakers won 10 National Basketball Association championships, including five with Johnson as the point guard of the teams known as the Showtime Lakers.

"I cried before I came here", Johnson said. One of the weirdest parts of his impromptu press conference was his non-endorsement of Rob Pelinka, the general manager he hired.

He told reporters he was stepping down in order to preserve his friendship with Lakers owner Jeanie Buss, describing her as "like a sister". I've got a lovely life, so I'm going to go back to that handsome life.

And though James was in charge of his decision to join the Lakers last summer, LeBron credited Magic with closing the deal in a meeting before he agreed to a four-year contract.

Johnson has served as the team's president of basketball operations for over two years - the latest move in a long and successful career as a businessman and philanthropist after he retired from basketball in 1991 when he tested positive for HIV. "Somebody's going to have to tell my boss because I knew I couldn't be face-to-face and tell her".

Kim leads Texas Open as Spieth, Fowler start well
After a string of four pars, the former University of Texas star mixed in a pair of birdies against his lone bogey of the day. Poston, Abraham Ancer, Brian Stuard and Jhonattan Vegas are the group at five under.

His record in the position so far is 98-148 in three seasons with the Lakers.

According to ESPN's Adrian Wojnarowski, Johnson and Pelinka met with LeBron James and agent Rich Paul on Saturday. We are deeply grateful to Magic for all that he has done for our franchise - as a player, an ambassador and an executive.

The Lakers. meanwhile, paid tribute to Johnson in a brief statement. "He will always be not only a Lakers icon, but our family".

Magic Johnson just wants to go back to having fun. "As we begin the process of moving forward, we will work in a measured and methodical fashion to make the right moves for the future of our organization".

"This is a Magic Johnson that has faced load and loads and loads of adversity and suddenly it was too much to take to the point where you have to make a decision before the season even ended".

Johnson's desire for his old life wasn't the only reason for his departure. "But she's going to be fine, and I'm going to be fine".