Adam Silver Signs Extension Through 2023/24

NBA commissioner Adam Silver has finalized a contract extension that will keep him in his current role through the 2023/24 season, according to a press release from the NBA.

Silver, who became the NBA’s commissioner in February 2014, previously served as the league’s deputy commissioner and chief operating officer under David Stern.

The NBA has enjoyed a period of significant growth under Silver’s guidance. The league agreed to a record-breaking TV contract salary cap during Silver’s first year as commissioner, and the salary cap – which came in at approximately $58.7MM at the time of Silver’s promotion – is poised to surpass the $100MM mark for the first time for the 2018/19 season.

Silver’s new extension figures to keep him under contract through the end of the current Collective Bargaining Agreement. The current CBA – which took effect last summer – technically runs for 10 years, but the NBA and the players’ union will have an opportunity to opt out of the agreement in 2024.

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