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.