NBA Commissioner Adam Silver is expected to sign a contract extension through 2030, according to an ESPN report.
Silver is approaching his 10-year anniversary as commissioner and has overseen significant financial growth of the league, negotiated two collective bargaining agreements with the players’ association, and incentivized competitiveness, among other things, during his tenure.
When Silver became commissioner in 2014, the salary cap was just over $63 million, compared to the 2023-24 mark, which is upwards of $136 million. Golden State Warriors point guard Stephen Curry became the first player to earn at least $50 million in a season in 2023-24. Five others will join him next season, and the number will grow to 13 in the following campaign.
The NBA and the NBA Players’ Association have encountered two labor disputes during Silver’s reign, but the sides avoided a lockout both times. The latest collective bargaining agreement is valid through the end of the decade.
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Also during Silver’s tenure, the NBA introduced a play-in tournament, which allowed more teams to have viable postseason paths late in the season, and an in-season tournament, which made early-season games more meaningful. The association also reformed its draft lottery system, giving equal odds of getting the No. 1 overall pick to the teams with the three worst records, a move intended to disincentivize the sports phenomenon known as tanking.
Among Silver’s goals for the rest of the 2020s are league expansion and a new media rights deal, according to the report.
