Sorry I haven't participated much in this thread, been pretty busy the last couple of days. My vote would be for Hakeem here, but I don't want to repost the same reasoning. Next thread, assuming I have more time, I'll try and put together some nice quotes and data (no guarantee I'll have it done in time, though :) ).
As a preemptive runoff vote, my pick is LeBron James over Magic Johnson (note that I'm not sure about how I feel about either being in the conversation at the moment, when KG and Hakeem are still on the board). There are a couple of reasons for this (I'll try and give both sides, IMO):
1) Longevity isn't an advantage for Magic. He game into the league as a great player, but from ElGee's breakdown a few pages ago, it becomes clear that he wasn't a superior player to Bird (possibly not in his class as a player, though I don't feel comfortable going that far without watching a lot more tape first) their first few years in the league.
Now, LeBron didn't come into the league a finished product either, let me make that clear. I do think that LeBron turned in 5 seasons (possibly 6, not sure how I feel about 11 still, go back in forth), better than Magic's best season. As such, it's tough for me to make much of Magic's pre-prime seasons.
2) Defense. It's really, really tough to ignore this, especially when I'm not convinced Magic was on another level offensively when compared to James. Even though LeBron has "coasted" on that ended more or less the past couple of regular seasons, he's amped his defense up in the playoffs (and still during the last two years, likely superior to Magic at his best).
I do think Magic's defensive shortcomings are somewhat overstated though (that is to say, I don't think he was a sieve). He was actually utilized pretty well under Dunleavy in his last year from what I've seen. They played a good deal of zone from what I've seen, and this actually fit Magic well (since, from what I've seen, he liked to sag off his man, and play the passing lanes or collapse into the paint). I don't think it's fundamentally sound, and it presents a matchup problem as he ages, and loses his lateral quickness. You basically need to have a smaller or quicker guy in the lineup to cover PGs (especially a triple threat type guy) with Magic playing the lanes and guarding a bigger guy (which, from the tape, wasn't a problem for him...Magic seemed strong enough to guard big forwards who weren't extremely quick from what I've seen), which hurts his portability.
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Speaking of portability in general, both guys are pretty ball-dominant, but both produced extremely efficient offenses (I believe with Magic's teams setting ORtg records, and LeBron's teams setting EFG% records). Both guys also demonstrated the ability to play off-ball (Magic early in his career, by accounts in this thread and from watching the paint, was a playmaker in the post, or slashed, or grabbed offensive rebounds; LeBron this season in particular was among the leaders in posting up and spotting up scoring efficiencies, and played off-ball a ton throughout the season with the guards feeding him in the post...though Miami went away from that at times in the playoffs, in particular against the Spurs, which was a monstrous jumpshooting series from LeBron).
I'm not going to use RAPM against Magic since it doesn't exist pre-96-97, though there is no guarantee he'd place as highly as LeBron did in J.E.'s 14-year study (LeBron and KG were in a class of their own, though it didn't include some of Shaq's peak years and a few of Duncan's earlier seasons, so it's possible either or both join the two of them). It's entirely possible though, Magic posted very good WOWY numbers in his prime according to ElGee's research in this thread:
http://forums.realgm.com/boards/view...=344&t=1333570