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Stern On Profits, Silver, Expansion, Kings

Earlier this afternoon, we passed along reports that David Stern had set an official date for his retirement. There were several other topics that the NBA Commissioner spoke on during a teleconference today, and here are some of the highlights (mostly in the form of Twitter links):   
  • The league is doing very well financially, as Stern specifically mentioned that an 86% renewal of last year's season ticketholder subscriptions as well as record sponsorships are among the significant sources of profit.
  • Between now and April, the NBA's Board of Governors will work on the terms of Adam Silver's agreement to become the next commissioner
  • Stern used the words "extreme importance" to describe his focus on continued international expansion. It should be noted that the league recently opened offices in Brazil and Mumbai. 
  • He urged the city of Sacramento to continue their support of the Kings and then hope for the best. Stern had separately stated that a new arena would be needed in order for the team to remain in Sacramento for the long-term. He also mentions that the league owners will discuss whether or not expanding the association beyond 30 teams should be considered, which could present a scenario in which Seattle would not have to purchase the Kings in order to own an NBA franchise (according to Tony Bizjak of the Sacramento Bee).  
  • Stern denied any involvement in preventing Stan Van Gundy from becoming an analyst for ESPN. 
  • He endorsed the system used to facilitate the Dwight Howard trade, calling it a "pretty good system."
  • The number of years for contracts signed by free agents has been decreasing, which the Board believes will improve competition
  • The Grizzlies are expected to yield "much improved financial results" under their new ownership. 

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