Adam Silver Net Worth: Adam Silver, an American attorney, and sports executive was born on April 25, 1962. He is the fifth & current commissioner of the National Basketball Association (NBA). He began playing in the NBA in 1992 and held several positions there before being appointed deputy commissioner in 2006 by his predecessor and mentor, David Stern. Silver was appointed the new commissioner when Stern departed in 2014.
The league has expanded monetarily and internationally under Silver’s leadership, particularly in China. After Donald Sterling made racial statements, Silver forced Sterling to sell the Los Angeles Clippers and permanently barred him from all NBA games and activities. This generated headlines in 2014.
Adam Silver’s Net Worth and Salary?
Adam Silver is a $40 million businessman, attorney, and sports executive from the United States. Adam Silver is the National Basketball Association’s fifth and current commissioner (NBA).
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Adam Silver Salary and Contract
Silver earns $10 million in pay annually. Adam Silver’s contract with the NBA was extended in June 2018 to include the 2023–2024 campaign. He will have received exactly $100 million in salary from the league by the end of that contract. He probably also receives bonuses for reaching particular benchmarks and revenue/expansion objectives.
Adam Silver Early Life and Early Career
On April 25, 1962, Adam Silver was born in Rye, New York, a suburb of New York City. After graduating from Rye High School in 1980, he went to Duke University and majored in political science. He served as a legislative assistant for Les AuCoin, a U.S. House of Representatives member, for a year after receiving his college degree in 1984.
Later, he enrolled at the University of Chicago Law School, where he earned his J.D. in 1988. Silver clerked for the Honorable Kimba Wood of the United States District Court for the Southern District of New York after graduating from law school. After that, he became an associate at Cravath, Swaine & Moore.
How Was Adam Silver NBA Career?
In 1992, Silver began his eight-year tenure with the NBA as its Deputy Commissioner and Chief Operating Officer. In that role, he oversaw projects like the founding of the WNBA, the NBA Development League, NBA China, and the collaboration with Turner Broadcasting so that they control the NBA’s digital assets, as well as the negotiation of the last three collective bargaining agreements between the NBA and the National Basketball Players Association.
Additionally, he has served as NBA Chief of Staff, NBA Senior Vice President and Chief Operating Officer, and Special Assistant to the Commissioner. The IMAX film “Michael Jordan to the Max,” the documentary “Whatever Happened to Michael Ray?” (2000), the movies “Like Mike” (2002) and “Year of the Yao,” and the flicks “Like Mike” and “Year of the Yao” were all produced by Silver while he was employed with NBA Entertainment.
When he announced that he would leave his job on February 1, 2014, David Stern, the NBA Commissioner, backed Sterling Silver to be the organization’s new commissioner in October 2012.
Adam Silver faced his first significant challenge as league commissioner in late April 2014 when he had to address the racist comments by Clippers owner Donald Sterling. On camera, Sterling was heard making incredibly offensive remarks to his girlfriend. Following the release of the audio, Silver and the NBA said that Sterling would be permanently barred from attending any NBA events. In addition, Silver and the NBA stated that they would use all legal means to compel him to sell the team. This was one of the harshest sanctions ever levied on a professional sports team owner.
Silver has handled other noteworthy events as commissioner, including a Daryl Morey tweet from 2019 supporting the protests in Hong Kong. The tweet raised questions about the NBA’s cooperation with China and political controversies. Morey’s post received a critical response from China, which hinted that they would decide to sever ties with the NBA. On the other hand, Silver reacted favor of Morey and said he was entitled to freedom of expression and the right to express himself.
In the sports sector, Silver has received numerous honors and accolades. The Sports Business Journal named him first on their list of the 50 Most Influential People in the Sports Business for 2016. He was recognized in 2015 as Sports Business Journal’s Executive of the Year, one of Time magazine’s 100 Most Influential People, and one of Fortune magazine’s 50 Greatest Leaders. Additionally, Sports Illustrated honored him as Executive of the Year in 2014.
Adam Silver’s Personal Life
Since 2015, Silver has been wed to his wife, Maggie. Together, they have a daughter. He held a position on the Duke University Board of Trustees and was given the University of Chicago Law School‘s 2016 Distinguished Alumnus Award. He is also a member of the Lustgarten Pancreatic Cancer Foundation’s board of directors.