Advertisement

How much did Magic Johnson pay for his share of the Dodgers? $50 million

Ever since Magic Johnson and a group of investors bought the Los Angeles Dodgers earlier this season, we've been wondering how much money the former basketball star personally put toward the $2.15 billion purchase price from Frank McCourt.

Today, we finally have our answer: It's $50 million.

That revelation came thanks to Johnson himself during a profile on Tuesday night's edition of "HBO Real Sports." The contribution only works out to a 2.3 percent share of the team with Guggenheim Partners footing most of the tab, but let's be honest: That's still some serious bread.

[Jalen Rose admits trying to hurt Kobe during the 2000 NBA Finals]

Johnson said it was the biggest check he'd ever written and it's a clear signal he's not only working for Guggenheim by being the team's public face. He's also working for himself.

Johnson actually has a successful track record when it comes to investing in pro sports franchises. He bought 4.5 percent of the Los Angeles Lakers in 1994, then sold it in 2010 for a reported $50-60 million. His current net worth has been estimated as anywhere from $500 million to $770 million, depending on the source.

Want more baseball fun all season long?
Follow @bigleaguestew, @KevinKaduk and the BLS Facebook page!

Other popular content on the Yahoo! network:
Outside the Game: Lamarr Woodley gives back to his Michigan hometown
NBC's 'Revolution' revokes Cubs' 2012 World Series championship
Yunel Escobar suspended three games for gay slur
Y! Shopping: The top-rated types of beautiful bacon