Magic Johnson has QUIT the Lakers, as you may have heard -- he stepped down as President of Basketball Operations, on Tuesday, being a bit cryptic as to his reasons.

Well his wife Cookie, last night at Craig's with the couple's son EJ, told paparazzi, "Just know that [Magic Johnson] is happy and we're happy for him. No regrets."

What's crazy is that Johnson didn't even tell team owner Jeannie Buss! He didn't have the guts!



Fortunately, Buss is a CLASS ACT:



Most likely, Johnson was tired of working with a losing team -- one that paid star player LeBron $153M for four years. Buss forked out the money to make the team the best of the best and it wasn't happening under these two guys. She's being pretty gracious -- she could be pissed!