Adam Silver's Net Worth?

Adam Silver is a $35 million businessman, lawyer, and sports executive from the United States. The National Basketball Association’s fifth and current commissioner is Adam Silver NBA.

Silver is paid a yearly salary of $10 million. The NBA extended Adam Silver’s contract until the 2023-2024 season in June 2018. He will have earned exactly $100 million in salary from the league by the end of that contract. He’ll almost certainly be paid bonuses for meeting certain milestones and revenue/expansion targets.

Early Life

Adam Silver was born on April 25, 1962, in Rye, New York, a suburb of New York City. He graduated from Rye High School in 1980 and then went on to Duke University, where he majored in political science. He worked as a legislative aid for Les AuCoin, a member of the United States House of Representatives, for a year after graduating from college in 1984. He subsequently went on to the University of Chicago Law School, where he earned his J.D. in 1988. Silver worked as a law clerk for Judge 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.

Adam Silver's Net Worth?

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Career

Silver began his NBA career in 1992 as the Deputy Commissioner and Chief Operating Officer, a position he held for eight years. He was involved in projects like the NBA’s last three collective bargaining agreements with the National Basketball Players Association, the development of the WNBA league, the development of the NBA Development League, the creation of NBA China, and the partnership with Turner Broadcasting to manage the league’s digital assets while in that position. He has also served as NBA Entertainment’s Senior Vice President and Chief Operating Officer, NBA Chief of Staff, and Special Assistant to the Commissioner.

When David Stern, the NBA Commissioner at the moment, revealed that he would be stepping down on February 1, 2014, he endorsed Silver for the role of NBA Commissioner.

Adam Silver's Net Worth?

When Adam Silver was forced to deal with racial remarks made by Clippers owner Donald Sterling in late April 2014, it was his first big test as league commissioner. Sterling was overheard on camera making racial remarks to his girlfriend. Within days of the tapes being made public, Silver and the NBA announced that Sterling would be banned from all NBA events for the rest of his life. Silver and the NBA have also stated that they will do everything in their power to compel him to sell the team. This was one of the harshest penalties ever imposed on a professional sports team owner.

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Personal Life

Adam Silver's Net Worth?

Maggie, Silver’s wife, has been his wife since 2015. They have a daughter as a couple. He is a member of Duke University’s Board of Trustees and received the University of Chicago Law School’s Distinguished Alumnus Award in 2016. He is also a member of the Lustgarten Pancreatic Cancer Foundation’s board of directors.