Magic Johnson, the beloved former point guard behind five world titles for the Los Angeles Lakers, announced Tuesday night he was quitting as the team's president of basketball operations.<div class="feedflare"> <a href="http://rss.cnn.com/~ff/rss/cnn_us?a=f6put8tPioQ:WnagqODSXN0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/rss/cnn_us?d=yIl2AUoC8zA" border="0" /></a> <a href="http://rss.cnn.com/~ff/rss/cnn_us?a=f6put8tPioQ:WnagqODSXN0:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/rss/cnn_us?d=7Q72WNTAKBA" border="0" /></a> <a href="http://rss.cnn.com/~ff/rss/cnn_us?a=f6put8tPioQ:WnagqODSXN0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/rss/cnn_us?i=f6put8tPioQ:WnagqODSXN0:V_sGLiPBpWU" border="0" /></a> <a href="http://rss.cnn.com/~ff/rss/cnn_us?a=f6put8tPioQ:WnagqODSXN0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/rss/cnn_us?d=qj6IDK7rITs" border="0" /></a> <a href="http://rss.cnn.com/~ff/rss/cnn_us?a=f6put8tPioQ:WnagqODSXN0:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/rss/cnn_us?i=f6put8tPioQ:WnagqODSXN0:gIN9vFwOqvQ" border="0" /></a> </div><img src="http://feeds.feedburner.com/~r/rss/cnn_us/~4/f6put8tPioQ" height="1" width="1" alt="" />
