In a major development for professional basketball, the National Basketball Association (NBA) announced today that Commissioner Adam Silver has officially extended his contract through the year 2030. The new deal includes a significant pay increase, with Silver now set to earn an annual salary of $15 million.
Silver, who succeeded David Stern as commissioner in 2014, has been widely praised for his leadership during a transformative period for the league. Under his guidance, the NBA has expanded its global reach, embraced digital innovation, and navigated unprecedented challenges—including the COVID-19 pandemic—with resilience and foresight.
“This extension ensures that the NBA will continue to benefit from Adam’s steady leadership and forward-thinking approach as the league enters its next chapter,” said NBA Board of Governors Chairman and Boston Celtics co-owner Wyc Grousbeck. “He has earned the trust of owners, players, and fans alike.”
During Silver’s tenure, the league has seen record revenues, increased international presence, and historic changes in player empowerment and social justice initiatives. The commissioner has also overseen the launch of the NBA’s in-season tournament and ongoing discussions about expansion franchises in cities like Las Vegas and Seattle.
Silver’s renewed contract positions him to continue shaping the league’s future at a time of technological disruption and evolving fan engagement. The NBA is expected to negotiate new media rights deals in the coming years, and Silver’s experience is seen as crucial in securing favorable terms.
While the $15 million annual salary places him among the highest-paid executives in professional sports, league sources say the compensation reflects the complexity and scale of his responsibilities.
As the NBA continues to grow in popularity both domestically and globally, Adam Silver’s leadership appears set to remain a cornerstone of the league’s success well into the next decade.
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