The world’s best league wants its chief executive to continue in office for six years, amid rumors of expansion in the two most important competitions.
It has been confirmed in recent weeks that the NBA has begun negotiations with Adam Silver, current commissioner of the competition, to extend his contractual relationship until 2030. The executive, who is also sought after by other major corporations, is in charge of the league for last ten years and everything seems to indicate that his path will continue to be associated with the best basketball league in the world.
Since his arrival in 2014, Adam Silver has been responsible for incorporating changes that have transformed the competition, and set an example for the rest of the world. One of the most revolutionary was the arrival of Play as a classification for the NBA post-season. While the first few years didn’t move the needle much; In the last edition it gave the Miami Heat the opportunity to go from the mini tournament to the full finals of the competition. Already in the 23/24 edition we have welcomed the “In-Season Tournament”, a kind of Copa del Rey in the Endesa League, where a large number of matches are highlighted in the regular phase. In this tournament, the Los Angeles Lakers established themselves in Las Vegas, breaking international audience records.
These changes became the shell of a series of revolutionary measures that Silver was able to implement in the NBA. Television millionaire deals and sponsors; which increases the value of contracts and franchises, for the benefits of all key personnel. To get a snapshot, the price of an NBA team was around $500 million when Silver took his first steps in 2014. Today the average value is set to be around $4 billion.
Adam Silver’s contract extension is happening within the framework of new projects for the NBA. One of the most important is the expansion of core competencies. Both the NBA and the WNBA are already envisioning a future involving a larger number of franchises. The women’s branch has already confirmed the arrival of a team from San Francisco, while others are expected to join the idea. The men’s team, for its part, is looking forward to the return of Seattle and the addition of a team in Las Vegas, the center of global tourism.
Source: Tycsports
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