LeBron James mulls $1M offer

LeBron James apparently is still mulling Magic Johnson's $1 million offer to finally participate in the NBA's dunk contest.

James told ESPN's Lisa Salters that, although he hasn't decided on a response to Johnson's offer, he frequently considers entering the dunk contest.

"I don't have a response yet," James told Salters prior to the Miami Heat's game against the New York Knicks on Sunday afternoon.

James had never taken part in the dunk contest in his 10-year career despite consistently throwing down trophy-worthy slams in warm-ups and games. The three-time league MVP told Salters, however, that he has considered participating.

"I think about it every year," James said.

Johnson addressed the issue Friday on ESPN's "Kia NBA Countdown," claiming that he would pay $1 million to James -- or anyone who can beat him in the dunk contest.

"Please, LeBron, get in the dunk contest. I'm going to put up a million dollars," Johnson said. "A million dollars from Magic to LeBron. Please get in the dunk contest. I go every year. I want to see you out there. A million to the winner."

James acknowledged being aware of the lucrative offer.

"Tell him I'll get back to him," James told Salters.

The NBA currently pays $100,000 to the winner and $50,000 to the runner-up. ESPN analyst Jalen Rose called for more elite players to take part, as well.

"LeBron James, Blake Griffin both have to be in it," Rose said Friday on "NBA Countdown," and Johnson agreed. "All-Star-caliber players helping build the league during All-Star weekend."

Griffin won the contest in 2011.

Information from The Associated Press was used in this report.