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David Stern retires from the NBA as commissioner

(Reuters) - A new era began for the National Basketball Association (NBA) on Saturday when David Stern's 30-year run as commissioner ended with his deputy, Adam Silver, taking over the helm.

Stern had stated in October 2012 his intention to retire after exactly 30 years in charge and the league's owners unanimously approved Silver as his successor.

The handover was officially confirmed by the NBA on its Twitter account on Saturday with a picture of Silver, holding a basketball, shaking hands with Stern, who is the league's longest-serving commissioner.

Above the photograph, a caption read: "It's official: Adam Silver succeeds David Stern as #NBA Commissioner."

The league will now begin using game balls bearing Silver's signature.

Stern, 71, said in a statement: "It is a source of great satisfaction to me that the NBA will now be led by commissioner Adam Silver, for whom I have tremendous admiration, respect and expectations as he and his experienced and dedicated team take the NBA to successes that were unimaginable even a short while ago."

Stern had presided over a period of expansion and growth for the NBA, both domestically and internationally, and in 2011 he concluded a new Collective Bargaining Agreement with players after a five-month lockout.

During his tenure, six NBA franchises were relocated (Clippers, Kings, Grizzlies, Nets, Hornets and Sonics) while seven new teams were brought in (Hornets, Timberwolves, Heat, Magic, Grizzlies, Raptors and Bobcats).

Stern's departure on February 1 marked the 30th anniversary of his takeover as commissioner from Larry O'Brien.

Silver has been an NBA executive for 21 years and the league's deputy commissioner and chief operating officer since July 2006.

The 51-year-old Silver previously had eight years as president and chief operating officer of NBA Entertainment, the film production arm of the league.

According to the league, Silver had played a key role in the negotiations of the NBA's last two television agreements.

"The opportunities for this league are truly limitless. I'm honored, thrilled and will do my absolute best to grow this league, and this industry, only try to do it the same way David has done over the past 30 years," said Silver.

David Stern Retires as NBA Commissioner, Adam Silver Takes on Role

(Reporting by Mark Lamport-Stokes in Los Angeles; Editing by Gene Cherry)

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timjofred February 02 2014 at 11:12 AM

As a Seattle Sonics fan I can truthfully say good riddance and what took you so long. He should have left ten, no, twenty years ago. Instead of helping Seattle keep the Sonics you let the carpetbaggers from Oklahoma City steal them away. Then he did everything possible to keep the Kings in Sacramento. Where is the equity and the fairness in that? Go to hell, David Stern.

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sharwitch February 02 2014 at 11:00 AM

Good Luck on your retirement.

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red neck greek February 02 2014 at 10:50 AM


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middieman75 February 02 2014 at 10:20 AM

about 25 years Late for the Good of the Sport!!

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endmillll February 02 2014 at 10:01 AM

Good luck on your retirement.

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badasstruc February 02 2014 at 9:57 AM

guy screwed the nba so bad, cant wait to move on from him

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dd1820 February 02 2014 at 9:31 AM

good riddance

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CMEL57 February 02 2014 at 8:15 AM

Good bye and good riddance Davey boy. You did absolutely nothing for the NBA in your 30 years as commissioner except top ruin it.

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perfectpatsy February 02 2014 at 7:06 AM

he did nothing for the NBA . Good bye .

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David S. February 02 2014 at 7:30 AM


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lunarstruck February 02 2014 at 5:28 AM

THERE IS A GOD, Stern RUINED basketball by taking all the fun out of it, he also took away Freedom of Speech for every NBA player and gave the referees anonymity to cheat and do whatever they want, fix games, etc. Only problem is, God can't be an NBA fan because I don't think Silver is any better.

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