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October 26, 2012

Stern to retire as NBA Commissioner in 2014

NEW YORK (AP) — NBA Commissioner David Stern

will retire on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Deputy Commissioner Adam Silver.

The announcement came at an NBA Board of Governors meeting Thursday.

Stern told owners during their two days of meetings of his plans, and the board unanimously decided Silver would be his successor.

“I decided that things are in great shape and there’s an organization in place that will ultimately be led by Adam that is totally prepared to take it to the next level,” Stern said.

Stern, who turned 70 last month, became commissioner on Feb. 1, 1984. He has been the NBA’s longest-serving commissioner, establishing the league’s brand around the world, presiding over team expansion and overseeing the establishment of the WNBA and the NBA Development League.

“You’ll be remembered as the best of all-time,” Silver told Stern, sitting to his left on a podium during a news conference.

Stern

said he decided on his plans about six months ago, having guided the

league through a lockout that ended nearly a year ago. He said the

league is in great shape and he’s confident in Silver, who has been the

league’s No. 2 since 2006.

“I don’t know what else to say other than to recite what I told the owners yesterday in executive session,” Stern

said. “I told them that it’s been a great run, it will continue for

another 15 months, that the league is in, I think, terrific condition.”

Stern

is the one who got it there, taking over what was a second-rate league

with little-to-no TV presence and making basketball one of the world’s

most popular sports.

He cited the success of the 1992 Dream Team,

which helped spark the league’s international explosion, but said

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