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Lakers’ Jeanie Buss announced that the team has named Magic Johnson as President of Basketball Operations. Also, team announces General Manager Mitch Kupchak has been relieved of his duties, effective immediately.

“Today I took a series of actions I believe will return the Lakers to the heights Dr. Jerry Buss demanded and our fans rightly expect,” Jeanie Buss said. “Effective immediately, Earvin Johnson will be in charge of all basketball operations and will report directly to me. Our search for a new General Manager to work with Earvin and Coach Luke Walton is well underway and we hope to announce a new General Manager in short order. Together, Earvin, Luke and our new General Manager will establish the foundation for the next generation of Los Angeles Lakers greatness.”