1979. Businessman Jerry Buss stakes his fortune on the purchase of the NBA's lackluster Los Angeles Lakers. Meanwhile, the team's head coach, Jerry West, bristles at the prospect of drafting college phenom Earvin Johnson – who must decide if he's ready to live up to the mantle of his nickname: Magic.

After giving Coach West carte blanche with the Lakers roster, Buss attempts to charm fellow franchise owner of the Celtics, Red Auerbach. Meanwhile, Earvin's efforts to impress the women in his life fall flat, and Claire's mandate to get creative brings conflict with Buss' daughter, Jeanie.

As Buss courts new talent, a former Laker ponders a future with the franchise, and Earvin's move to LA isn't quite as magical as he hoped.

As the Lakers head to Palm Springs for the start of training camp, Buss finds himself in over his head financially, and the team's new coaches struggle to prove their vision for a groundbreaking method of play. Meanwhile, Jeanie works to bring her father's flair to the Forum.

As the Lakers prepare for their season opener against the Clippers, an increasingly frustrated Kareem begins to doubt his place on the team – allowing Coach McKinney to stoke his growing rivalry with Earvin. Jeanie courts star talent for newly minted cheer squad, the Laker Girls, including a promising young dancer, Paula Abdul.

Assistant coach Paul Westhead adds to the Lakers' growing list of problems when he finds himself dealing with a tragedy of Shakespearean proportions. Increasingly courted by corporate sponsors, Earwin consults a newfound financial advisor.