NBA commissioner Adam Silver is finalizing a contract extension that is expected to take him through the end of the decade, sources told ESPN on Saturday.
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Sources: NBA commissioner Adam Silver finalizing extension
NBA commissioner Adam Silver is finalizing a contract extension that is expected to take him through the end of the decade, sources told ESPN on Saturday.
The completion of formal negotiations with the board of governors on a new deal keeps Silver -- nearing his 10th anniversary as commissioner -- on course to pursue the NBA's next set of major objectives: a new media rights deal and league expansion.
Largely different than his predecessor David Stern, Silver has built a reputation of pursuing more consensus and partnership with ownership, management and players. He has been able to maintain respect -- and even popularity -- among those constituencies despite difficult decisions and negotiations.
Silver, 61, has driven some dramatic initiatives, including the introduction of the play-in and in-season tournaments, player participation legislation, draft lottery reform that has disincentivized teams from racing to the bottom for top draft picks and steadily rising franchise financial valuations. The implementation of the league's freedom of movement emphasis in 2019-20 has increasingly gassed up the league's scoring, including a 2023-24 campaign that so far includes four of the top 10 offensive teams in NBA history.
Silver completed a new collective bargaining deal with the National Basketball Players Association in March that assures labor peace through at least 2029 and a reshaped salary cap system that is expected to deliver small- and midsize-market organizations a better chance to compete with big-market franchises. The league had been pursuing an economic structure that would help spread talent around to more teams -- and that appears to be happening now.
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