Adam Silver, born April 25, 1962, is the fifth commissioner of the NBA, a role he assumed in 2014 after serving as chief operating officer and deputy commissioner under David Stern.
Joining the NBA in 1992, Silver has overseen significant global and economic growth for the league, particularly in China. In 2014, he made headlines for compelling Donald Sterling to sell the Los Angeles Clippers after banning Sterling for life following racist remarks captured in private recordings.
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Adam Silver Net Worth
Adam Silver has a net worth of $40 million, with an annual salary of $10 million. In June 2018, the NBA extended his contract through the 2023-2024 season. By the end of this contract, he will have earned $100 million in salary alone. Additionally, he likely receives bonuses for meeting milestones and revenue or expansion goals.
Early life
Adam Silver was born into a Jewish-American family; his father, Edward Silver, was a labor law attorney and senior partner at Proskauer Rose. Growing up in Rye, New York, Silver attended Rye High School before earning a Bachelor of Arts in political science from Duke University in 1984.
He worked as a legislative aide before graduating from the University of Chicago Law School in 1988. After law school, Silver clerked for Judge Kimba Wood and then joined Cravath, Swaine & Moore law firm.
Career
Adam Silver joined the NBA in 1992 as Deputy Commissioner and COO, playing a key role in negotiating collective bargaining agreements, developing the WNBA and NBA Development League, creating NBA China, and partnering with Turner Broadcasting.
He also held roles as Senior VP & COO of NBA Entertainment, NBA Chief of Staff, and Special Assistant to the Commissioner, producing films like Michael Jordan to the Max.
As NBA Commissioner, he made headlines by banning Donald Sterling for racist remarks in 2014 and supporting Daryl Morey’s free speech amid the 2019 Hong Kong controversy. Silver has received numerous awards, including being named Executive of the Year by Sports Business Journal and one of Time’s 100 Most Influential People.
Personal life
Adam Silver has been married to his wife, Maggie, since 2015, and they have one daughter. He serves on Duke University‘s Board of Trustees and received the 2016 Distinguished Alumnus Award from the University of Chicago Law School. Additionally, Silver is a board member of the Lustgarten Pancreatic Cancer Foundation.
Who is the CEO of the NBA?
Adam Silver has served as NBA Commissioner since February 1, 2014. In this role, he leads a global sports and media organization encompassing five leagues: the NBA, WNBA, NBA G League, NBA 2K League, and Basketball Africa League. As Commissioner, Silver oversees the league’s operations and its international presence, continuing to shape the NBA’s growth and influence worldwide.
Conclusion
Adam Silver’s net worth is a testament to his impeccable leadership, unwavering ethics, and his significant contributions to the world of professional basketball. As the NBA continues to evolve, Silver’s influence is sure to leave an indelible mark on its legacy.
FAQs about Adam Silver Net Worth
- How did Adam Silver become the NBA Commissioner?
- He was endorsed by the former NBA commissioner, David Stern, in 2012 and took over in February 2014.
- How much does Adam Silver earn annually?
- Adam Silver earns an estimated $10 million per season.
- What is Adam Silver’s net worth in 2023?
- As of June 2023, Adam Silver’s net worth is $40 million.
- What significant changes has Silver introduced in the NBA?
- Silver has been at the forefront of league expansion, notably with NBA China, the NBA 2K League, and the Basketball Africa League. He’s also been pivotal in addressing major controversies and advocating for social justice.
- How has Adam Silver’s leadership style impacted the NBA?
- Silver’s decisive, clear, and timely leadership has navigated the NBA through various challenges, solidifying its place as a premier global sporting league.
