NBA commissioner Adam Silver is finalizing a contract extension that is expected to see him through the end of the decade, sources told ESPN on Saturday.
The completion of formal negotiations for a new deal with the board of directors keeps Silver — who is approaching his tenth year as commissioner — working toward the NBA’s next set of major goals: a new media rights deal and league expansion.
In stark contrast to his predecessor, David Stern, Silver has built a reputation for pursuing greater consensus and partnership with ownership, management and players. Despite difficult decisions and negotiations, he was still able to remain respected, even popular, among these voters.
Silver, 61, has pushed for some high-profile initiatives, including the introduction of play-in games and in-season tournaments, player participation legislation, draft lottery reforms that inhibited teams’ incentives to compete for the best draft picks, and team finance. Steady rise in valuations. The league’s emphasis on freedom of movement in the 2019-20 season has increasingly increased the league’s scoring level, including the 2023-24 season, which so far includes four of the top 10 offensive teams in NBA history.
Silver finalized a new collective bargaining agreement with the National Basketball Players Association in March that ensures labor peace until at least 2029 and realigns the salary cap system that is expected to provide small and mid-market organizations with better opportunities to compete with larger players. Market competition for franchises. The league has been looking for an economic structure to help spread talent to more teams — and that appears to be happening now.
Silver has shown an ability to respond to crises — most notably, suspending the NBA season after Rudy Gobert tested positive for COVID-19 in 2020 and during the initial stages of the outbreak. Weeks have led to reactions in American sports and society. Ultimately, Silver engineered the Orlando bubble to restart and complete the 2020 season, saving television revenue and player salaries.
Silver also oversaw the bans, suspensions and eventual sales of the teams of two problematic NBA owners – Donald Sterling of the Los Angeles Clippers and Robert Sarver of the Phoenix Suns.
Silver served as league vice president for eight years before taking over for Stern in 2014, and when Stern announced his retirement date in 2012, Silver became the unanimous choice to succeed him.
Follow us on Google news ,Twitter , and Join Whatsapp Group of thelocalreport.in
