FIFA Facing Untold Consequences After Indictments CONCACAF Targeted In FIFA Investigation Blatter's Future Murky Amid FIFA Arrests Vegas NHL Group Well Past Ticket Deposit Goal NHL Playoffs Seeing More Goals In Conference Finals Execs Arrested On FIFA Corruption Charges Bucks Arena Financing Deal Imminent Nets Could Avoid "Repeater Tax" Next Season Can Harper Supplant Jeter As Face Of MLB? Bulls' Jimmy Butler Sees Endorsement Opportunities
Upcoming Conferences and Events
SBD/October 26, 2012/Leagues and Governing Bodies
David Stern To Step Down Feb. '14, Announces Silver As Successor For NBA Commissioner
Published October 26, 2012
INSIDE THE DECISION: Stern revealed his plans to retire at the NBA BOG’s executive session at 4:30pm ET Wednesday afternoon. He laid out his plan to retire and discussed his transition plan to Silver. The two then left the room and were called back into the executive session within an hour. A dinner and the BOG’s general session followed the executive session Wednesday night and on Thursday, the BOG unanimously approved Silver as the next NBA Commissioner (John Lombardo, SportsBusiness Journal). Below are some key dates from Stern's tenure:
- February '84: David Stern elected as NBA Commissioner
- '88-89: League expands with addition of Charlotte Hornets, Miami Heat
- '89-90: League expands with addition of Minnesota Timberwolves, Orlando Magic
- '95-96: League adds Toronto Raptors, Vancouver Grizzlies
- '96: Oversees creation of WNBA
- July '98-January '99: NBA Lockout causes 50-game schedule
- '01: NBA creates NBA Development League
- '02: Charlotte Hornets relocate to New Orleans
- November '04: Brawl between Detroit Pistons and Indiana Pacers; Stern suspends nine players without pay for a total of 146 games, included Ron Artest who is suspended for the remaining NBA season.
- October '05: Stern announces creation of NBA Cares July
- '06: Adam Silver is named Deputy Commissioner
- June '07: NBA signs TV deals through the '15-16 season with ABC, ESPN, and Turner for $930M annually
- July '07: NBA rocked by Tim Donaghy referee gambling scandal
- January '08: Announces formation of NBA China entity
- '08: Seattle SuperSonics move to Oklahoma City and begin play as Thunder
- November '11: Signs new CBA ending lockout that shortens season to 66 games. League also completes expanded revenue sharing system.
SILVER LINING? SPORTING NEWS’ Sean Deveney wrote, “When rattling off the accomplishments and failures of Stern as commissioner, the grooming of Silver should not be overlooked.” As much as Stern “has been lampooned for his heavy-handed, dictatorial style, he has allowed his ego some respite over the last few years to make way for Silver, and that will ensure that, when the transition happens, Silver will have gotten more extensive on-the-job training than any league honcho in American sports” (SPORTINGNEWS.com, 10/25).