Adam Silver is a familiar face to many basketball fans around the world. The 60-year-old businessman is both a lawyer and a sports executive. He is currently the commissioner of the NBA.
Silver took over in February 2014. He succeeded the late David Stern, who served as league commissioner for three decades. Once Stern retired, Silver took over the prestigious basketball league and has done a great job so far.
While the NBA commissioner has come under fire from many fans, the truth is he has done a lot of good for the league. During his tenure, the league has become much more profitable, and Silver has done a great job navigating it through the COVID-19 pandemic.
Revealing Adam Silver’s Net Worth and Salary
Adam Silver’s net worth is estimated at $40 million as of March 2023, according to Celebrity Net Worth. The NBA commissioner earns around $10 million a year for his current role in the league.
The 60-year-old businessman took over the league in 2014 and his contract was extended in 2018. It lasts until the 2023-24 season, which means he will have earned around $100 million by his time. expiry.
Silver’s tenure with the professional basketball league has been great, which is why his contract will likely be extended. Team owners benefited greatly from his leadership as the league posted record profits.
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It’s interesting that he’s been in the league for over three decades. He joined the league in 1992, serving as deputy commissioner and chief operating officer. Silver also served as chief operating officer of NBA Entertainment for eight years.
Silver suspended Ja Morant for eight games
Adam Silver’s tenure has not been easy at all. With one of the first major decisions he made, Silver forced Donald Sterling to sell the LA Clippers. Navigating the league through the coronavirus pandemic hasn’t been easy either.
The NBA has had to deal with Ja Morant and his problematic behavior lately. The Memphis Grizzlies guard showed off a gun in an Instagram live video, which is why he was suspended for eight games without pay.
“Ja’s driving was irresponsible, reckless and potentially very dangerous,” said Adam Silver. “It also has serious implications given his huge following and influence, especially among young fans who look up to him.”
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“Ja also made it clear to me that he learned from this incident and that he understands that his obligations and responsibility to the Memphis Grizzlies and the wider NBA community extend far beyond his play on the ground,” Silver added.
Having a problematic superstar is not a good look for the NBA. However, it appears to be another issue that Adam Silver has taken care of as Morant will be suspended until March 20.
Importantly, the suspension came after the league thoroughly investigated the firearm incident. While Morant wasn’t found guilty of carrying a gun on a team plane, the NBA didn’t like that he flashed it on social media.
