NBA’s Adam Silver turned down opportunity to run NFL in ’17, per report

NBA commissioner Adam Silver rebuffed overtures to run the NFL, according to an ESPN story.

Silver said he shot down the idea immediately. He has also turned down opportunities from other Fortune 500 companies, according to the story.

“I’ll just say I have not given it any thought,” Silver told ESPN. “I feel very fortunate to be in this position. As a longtime fan, as a longtime league employee, the opportunity to become the commissioner of this league was beyond anything I even ever dreamed of as a kid.

“I’ve loved every day I’ve been in this job, and I think there’s nothing but enormous opportunity ahead for this league.” 

According to the story, a person close to an NFL owner reached out to Silver in August 2017. Shortly after, NFL commissioner Roger Goodell signed a five-year extension to run the league. Silver re-upped on a new deal with the NBA in June that runs through the 2023-24 season.

Silver just celebrated his five-year anniversary as commissioner after taking over for David Stern, who was Silver’s mentor.

Under Silver’s watch, the NBA has grown. League revenue was $4.8 billion in 2013-14, and revenue is projected to hit $9.1 billion in 2018-19. Both players and owners have benefited from the financial growth.

Team valuations have increased from an average of $509 million per franchise in 2013 to $1.9 billion in 2019, according to Forbes. Player salaries have risen, too, with five-year max contracts hitting $200 million.

Silver has also been on the forefront of legalized sports gambling, and the league’s partnership with MGM made it the first U.S. pro sports league to reach a deal with a betting company.



Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button