Connect with us

Hi, what are you looking for?

Sports

NBA commissioner reaches deal to remain in role until at least 2030

NBA commissioner Adam Silver has reached a deal on a contract extension that will keep him in the role through the end of the decade, a person familiar with the agreement told USA TODAY Sports.

The person spoke on the condition of anonymity because they were not authorized to speak publicly about the extension.

Silver, 61, became commissioner in 2014, taking over for David Stern. Silver has negotiated two collective bargaining agreements as commissioner, including the most recent CBA that ensures labor peace through the 2029-30 season.

Silver has been instrumental in increasing league revenue, which has rewarded owners and players. A decade ago, the salary cap for each team was $63 million, and this season, it is $136 million, and Damian Lillard is scheduled to earn $63.2 million in 2026-27.

In 2014, the Milwaukee Bucks sold for a then-record $550 million, and last year, Cleveland Browns owner Jimmy Haslam and Haslam Sports Group bought a 25% stake in the Bucks on a $3.5 billion valuation.

With a new CBA in place, Silver’s attention is focused on a new media rights deal and then the possibility of expansion, both of which will generate more money for players and owners.

This post appeared first on USA TODAY

    You May Also Like

    Sports

    The 2023 NTT IndyCar season kicks off this weekend in Florida following an offseason of change in the paddock. Eight full-time IndyCar drivers —...

    Sports

    Four division titles — AFC East, NFC East, AFC South and NFC South — will be decided in NFL Week 18. In all, 11...

    Sports

    Kalen DeBoer says Nick Saban will retain ‘100% access’ to Alabama football program, with DeBoer’s blessingNick Saban wasn’t over Kalen DeBoer’s shoulder at introductory...

    Sports

    The Kansas City Chiefs and Miami Dolphins have weathered various storms throughout the regular season, from injuries to inconsistent play, but on Saturday, both...

    Disclaimer: hotopportunitynow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 hotopportunitynow.com | All Rights Reserved