Thursday, October 25, 2012

DEVELOPING: Stern Stepping Down In 2014

NBA Commissioner David Stern will announce his retirement sometime in the near future- the date is set for February of 2014.

Adam Silver is next in line as Deputy Commissioner to take over for Stern and the Board of Governors has picked him to replace Stern who has been working with the NBA since 1966. First as one of the league's counsels and then, 18 years later, he became commissioner, replacing Larry O'Brien.

"The Board has selected Adam Silver to succeed me as NBA Commissioner, and I am very pleased with their choice,"
Stern said in an e-mail sent to some NBA executives. "As you know, Adam is a world-class business executive who has influenced so many areas of our business during his 20-year tenure with the league, from television, to digital, to international, to merchandising, to sponsorships, to team business, to, of course, labor negotiations. I know that the organization will be in very good hands when Adam becomes Commissioner.

"What we have achieved together and will continue to achieve is extraordinary – and we will have 15 months to talk about it."

More when we know more...

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