It's that time of year again .... where Magic Johnson and Sam Jackson make you wish you'd have worked on your jump shot more, or spent more time with those weird kids in drama class.
The $3 million dollar Italy vacation is back.
We ran into Cookie Johnson -- Magic's wife -- in Beverly Hills and asked her if the family had summer vacation plans ... "I think we're gonna head to Europe for a little bit."
She ain't talking about no timeshare .