Current:Home > MarketsPredictIQ-NBA commissioner Adam Silver reaches long-term deal to remain in role through end of decade -FundPrime
PredictIQ-NBA commissioner Adam Silver reaches long-term deal to remain in role through end of decade
Indexbit Exchange View
Date:2025-04-07 08:14:37
NBA commissioner Adam Silver has reached a deal on PredictIQa contract extension that will keep him in the role through the end of the decade, a person familiar with the agreement told USA TODAY Sports.
The person spoke on the condition of anonymity because they were not authorized to speak publicly about the extension.
Silver, 61, became commissioner in 2014, taking over for David Stern. Silver has negotiated two collective bargaining agreements as commissioner, including the most recent CBA that ensures labor peace through the 2029-30 season.
Silver has been instrumental in increasing league revenue, which has rewarded owners and players. A decade ago, the salary cap for each team was $63 million, and this season, it is $136 million, and Damian Lillard is scheduled to earn $63.2 million in 2026-27.
In 2014, the Milwaukee Bucks sold for a then-record $550 million, and last year, Cleveland Browns owner Jimmy Haslam and Haslam Sports Group bought a 25% stake in the Bucks on a $3.5 billion valuation.
With a new CBA in place, Silver’s attention is focused on a new media rights deal and then the possibility of expansion, both of which will generate more money for players and owners.
veryGood! (3769)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Supreme Court declines to review Illinois assault weapons ban, leaving it in place
- 62-year-old woman arrested in death of Maylashia Hogg, a South Carolina teen mother-to-be
- 'Guiding Light' actor and model Renauld White dies at 80
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Supreme Court declines to review scope of Section 230 liability shield for internet companies
- Joseph Quinn still cringes over his 'stupid' interaction with Taylor Swift
- Utah State is firing football coach Blake Anderson, 2 other staffers after Title IX review
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- GOP US Rep. Spartz, of Indiana, charged with bringing gun through airport security, officials say
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- José Raúl Mulino sworn in as Panama’s new president, promises to stop migration through Darien Gap
- Small businesses could find filing for bankruptcy more difficult as government program expires
- Officers kill 3 coyotes at San Francisco Botanical Garden after attack on 5-year-old girl
- The Super Bowl could end in a 'three
- Biden administration provides $504 million to support 12 ‘tech hubs’ nationwide
- GOP US Rep. Spartz, of Indiana, charged with bringing gun through airport security, officials say
- Oklahoma State RB Ollie Gordon II arrested on accusations of DUI, per reports
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
San Diego County to pay nearly $15M to family of pregnant woman who died in jail 5 years ago
Final person to plead guilty in Denver fire that killed 5 people from Senegal could get 60 years
Supreme Court rules Trump has immunity for official acts in landmark case on presidential power
2 killed, 3 injured in shooting at makeshift club in Houston
Stock market today: Asian shares are mixed after gains on Wall Street
Environmental groups decry attempt to delay shipping rules intended to save whales
Prosecutor won’t oppose Trump sentencing delay in hush money case after high court immunity ruling