As the NBA expands both domestically and internationally, one person stands tall amidst this growth – Commissioner Adam Silver. But do we truly understand this influential figure of professional basketball?
Who Is Adam Silver?
Adam Silver of Rye, New York was born April 25, 1962 and currently holds the position as 5th and current Commissioner of the NBA. Rising through legislative assistant, law associate and then to Deputy Commissioner ranks over his distinguished career has resulted in nothing short of exceptional leadership of an incredible league.
How Did Silver’s Early Life Shape His Career?
Silver can trace his roots back to Rye, New York where he attended Rye High School from 1980-83 before attending Duke University for his undergraduate studies, majoring in political science. After graduation in 1984 he worked for U.S. Representative Les AuCoin providing insights into politics for one year; but eventually pursued law at University of Chicago Law School achieving JD status by 1988.
After his studies were complete, he started as a clerk to Judge Kimba Wood of the U.S. District Court for the Southern District of New York – this experience would later enable him to join Cravath, Swaine & Moore law firm as one of its associates.
What Has Been Silver’s Contribution to the NBA?
Silver first joined the NBA in 1992 as its Deputy Commissioner and Chief Operating Officer, taking an eight-year role that saw him negotiate collective bargaining agreements, create the Women’s National Basketball Association (WNBA), assist with global expansion such as creating NBA China as part of global outreach strategy, overseeing digital assets growth through strategic alliances such as Turner Broadcasting.
In the realm of NBA Entertainment, Silver made significant contributions by serving as executive producer on several projects. This included the IMAX movie “Michael Jordan to the Max” and the documentary “Whatever Happened to Michael Ray?” His influence even reached Hollywood, with his involvement in films such as “Like Mike” and “Year of the Yao.”
By October 2012, Silver’s competence and contribution to the league were undeniable. Recognizing this, then NBA Commissioner David Stern endorsed Silver as his successor. By February 1, 2014, Silver had stepped into the colossal role of NBA Commissioner.
What Is Adam Silver’s Net Worth and Salary?
Over time, Adam Silver’s leadership has not only contributed to the expansion of the NBA but also had an enormous impact on his personal finances – creating an estimated net worth of $40 Million today.
Digging deeper, Silver’s earnings exceed $110 Million per year. Recognizing his contributions, in 2018, the NBA extended his contract through 2023-2024 season; by that point alone his income from this league will total an astounding $100 Million salary alone! And this doesn’t account for potential bonuses he might earn based on milestones and various revenue/expansion goals set by the league.
Adam Silver’s journey from suburban New York to his current position of leading the NBA is one of dedication, strategic thinking and unfaltering commitment to its growth. It is evident that Adam will leave an indelible mark upon professional basketball for generations to come.