A $40 million businessman, attorney, and sports executive from the United States are Adam Silver. Adam Silver is the National Basketball Association’s fifth and current commissioner (NBA).
On April 25, 1962, Adam Silver was born in Rye, New York, a suburb of New York City. After graduating from Rye High School in 1980, he went on to Duke University and majored in political science. He served as a legislative assistant for Les AuCoin, a member of the US House of Representatives, for a year after receiving his college degree in 1984. Later, he enrolled at the University of Chicago Law School, where he earned his J.D. in 1988.
Silver served as a law clerk for Judge Kimba Wood of the U.S. District Court for the Southern District of New York following graduation from law school. After that, he became an associate at Cravath, Swaine & Moore.
In 1992, Silver began his eight-year tenure with the NBA as its Deputy Commissioner and Chief Operating Officer. He participated in projects such as the development of the WNBA league, the NBA Development League, NBA China, and the partnership with Turner Broadcasting for them to manage the NBA’s digital assets while holding that position.
He also participated in the league’s last three collective bargaining agreements with the National Basketball Players Association. Additionally, he has served as NBA Chief of Staff, NBA Senior Vice President and Chief Operating Officer, and Special Assistant to the Commissioner. The IMAX film “Michael Jordan to the Max,” the documentary “Whatever Happened to Michael Ray?” (2000), the movies “Like Mike” (2002) and “Year of the Yao,” and the flicks “Like Mike” and “Year of the Yao” were all produced by Silver while he was employed with NBA Entertainment.
When he announced that he would be leaving his job on February 1, 2014, David Stern, the NBA Commissioner at the moment, backed Sterling Silver to be the organization’s new commissioner in October 2012. Also, read about George Farmer
Adam Silver faced his first significant challenge as league commissioner in late April 2014 when he had to address the racist comments made by Clippers owner Donald Sterling. On camera, Sterling was heard making incredibly offensive remarks to his girlfriend. Following the release of the audio, Silver and the NBA said that Sterling would be permanently barred from attending any NBA events. In addition, Silver and the NBA stated that they will use all legal means to compel him to sell the team. This was one of the harshest sanctions ever levied on a professional sports team owner.
Adam Silver & company here as the League goes through final planning for Ring Night. pic.twitter.com/TlDso1OOSG
— Jason Dumas (@JDumasReports) October 18, 2022
Other noteworthy events that Silver has handled as commissioner include a Daryl Morey tweet from 2019 supporting the protests in Hong Kong. The tweet raised questions about the NBA’s cooperation with China as well as political controversies. Morey’s post received a critical response from China, which hinted that they would decide to sever ties with the NBA. Silver, on the other hand, reacted in favor of Morey and said that he was entitled to freedom of expression and the right to express himself. Also, read about Troy Aikman
In the sports sector, Silver had received numerous honors and accolades. The Sports Business Journal named him first on their list of the 50 Most Influential People in the Sports Business for 2016. He was recognized in 2015 as Sports Business Journal’s Executive of the Year, one of Time magazine’s 100 Most Influential People, and one of Fortune magazine’s 50 Greatest Leaders. Additionally, Sports Illustrated honored him as Executive of the Year in 2014.
Since 2015, Silver has been wed to his wife, Maggie. Together, they have a daughter. He holds a position on the Duke University Board of Trustees and was given the University of Chicago Law School’s 2016 Distinguished Alumnus Award. He is also a member of the Lustgarten Pancreatic Cancer Foundation’s board of directors.
Adam Silver Net Worth
Adam Silver Net Worth is estimated to be around $40 Million in 2022. Silver earns $10 million in pay annually. Adam Silver’s contract with the NBA was extended in June 2018 to include the 2023–2024 campaign. He will have received exactly $100 million in salary from the league by the end of that contract. He probably receives bonuses as well for reaching particular benchmarks and revenue/expansion objectives.
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