I really enjoyed the series, mainly because I was huge Lakers fan in the 80s. All my (white) friends were Bird and Celtics fans, but I loved the glitz and glamor of Showtime.
Other than the subject matter, the series has a few flaws that will keep it from ever being considered a classic:
1. The characters are all too 1 dimensional, especially the side characters. Bird is pissed off and arrogant, Auerbach is smug, West is never happy, etc.
2. I think the "breaking the fourth wall" gimmick was overused and added little.
3. I don't know how much of it was true. Jeannie Buss really got shafted by the show. While she did grow up in the family business, she completely ran other sports teams before becoming General Manager of The Forum.
And 2 other thoughts...
Apple TV currently has a 4 part documentary on Magic Johnson. Makes a great companion piece.
And why did they have to use such a cheesy looking knock off of the NBA Championship trophy? I assume it was copyright issues, but that seems weird since they used NBA logos and jerseys, etc. Maybe the actual designer of the trophy wanted too much money??