2. Income & Salary
Stern was first associated with the NBA as an outside counsel in 1966. He officially joined the organization as General Counsel in 1978 and eventually attained the position of Executive Vice President. A successor to Larry O‰ÛªBrien, he became Commissioner in 1984. He increased the popularity of the NBA throughout the 1990s and 2000s. Also, he oversaw the creation and development of the Women‰Ûªs National Basketball Association (WNBA), a professional basketball league for women. To broaden the NBA‰Ûªs audience, Stern established training camps, recruited more international players, and set up exhibition games all over the world. He is credited in increasing overall NBA profits; league revenues in 2013 were at the $5 billion mark compared to the previous seasons’ $118 million. Stern announced shocking news in 2012 about his resignation from the NBA. On February 1, 2014, he stepped down as Commissioner, letting his deputy Adam Silver take his place.