NBA Commissioner Adam Silver has received a five-year contract extension, a reward for accomplishments that include rapid growth in the value of franchises and attendance records around the league being set annually.
Board of Governors Chairman Larry Tanenbaum of the Toronto Raptors announced the deal, one that keeps Silver under contract through the 2024 NBA Finals. Financial terms were not disclosed.
Silver, 56, led a very smooth series of negotiations with the NBA players union on the way to a new collective bargaining agreement in 2016 — one where salaries around the league soared thanks to a $24.