NBA commissioner, David Stern (on the right) announced today that he will be stepping down on February 1st, 2014, on what would be the 30th year to the day of being appointed to the same position. Deputy Commissioner and Chief Operating Officer, Adam Silver (on the left) will be named commissioner upon Stern’s retirement.
Here’s a little history lesson on current commissioner Stern: he graduated from Colombia Law School in 1966 and passed the New York State Bar Exam the following year, also in 1966 as an outside counsel for Proskauer Rose LLP, which is one of the largest law firms in the United States and has been tied to the NBA ever since. By 1980, under then commissioner Larry O’Brien, Stern was named Executive Vice President of the NBA where he sat over two crucial changes to the league, a salary cap which encouraged revenue sharing between teams and a drug testing policy. Eventually, on February 1st, 1984 Stern succeeded O’Brien as the league’s commissioner.
Here’s a little information on Adam Silver, the man slated to be the next commissioner of the NBA. He oversees NBA Entertainment, which comprises all the NBA’s business units, including television and merchandising not to mention as well as the NBA’s international business ventures. He earned his law degree from the University of Chicago, and after that he moved to New York City where he worked at Cravath, Swaine & Moore, another large and established law firm. where he concentrated on media and anti-trust cases so he fits into the upper management of a professional sports league like a glove.
All and all, it should be interesting to see how much changes, if any happens between now and when Stern retires, and after Silver takes over.
Thank you for reading my first NBA related article, and I heavily encourage discussion on this or anything sports related by leaving a comment on here, or hitting me up on twitter @TheProfessorSD! Have a great day!