Video: Magic Johnson Offers To Put Up $1 Million If LeBron James Will Enter The NBA Slam Dunk Contest4 Comments LeBron James has never entered the NBA’s Slam Dunk contest although he in one of the league’s most athletic players. The Miami Heat forward may want to rethink his stance against competing now that Magic Johnson has said he will put up $1 million if James participates. “Please LeBron, get in the dunk contest. I’m going to put up a million dollars. A million dollars to LeBron. Please get in the dunk contest. I go every year. I want to see you out there. A million to the winner,” Johnson said on ESPN Friday. Currently the league pays $100,000 to the winner and $50,000 to the runner-up Do you think LeBron will consider the million dollar offer?