David Stern has announced that he will be stepping down as commissioner of the NBA on February 1, 2014. The date is significant in that it marks the 30th year since Stern’s inception into the NBA.
"I told (the owners) that it's been a great run that will continue for another 15 months," said Stern. I'd like to think I did an adequate job. But one of the things I did best was provide a successor. I'm not going anyplace in the next 15 months, but this gives us the opportunity to have a very smooth transition."
By the time Stern retires, it will have marked the longest tenure as commissioner of any major sport in America. Deputy Commissioner, Adam Silver, will then take over as the new commissioner of the NBA.
"The opportunities for this league are limitless," Silver said. "I'm honored, thrilled and will do my absolute best to grow this league or try to do it the way David has done over the last 20 years. To the NBA family, I look forward to serving you."