David Stern Net Worth is$50 Million
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deserves the money?
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Profession: Lawyer, Businessperson
Date of Birth: Sep 22, 1942
Country: United States of America
David Stern Salary What is David Stern's annual salary as commissioner of the NBA? $8 million David Stern is a lawyer, originally from New York with an estimated net worth of $50 million dollars. David Stern is most widely known as the Commissioner of the NBA and is considered responsible for increasing the popularity of basketball over the course of his tenure as Commissioner. He became Commissioner in 1984 and also serves on the Board of Trustees for Columbia University.
David Joel Stern (born September 22, 1942) is the commissioner of the National Basketball Association. He started with the Association in 1966 as an outside counsel, joined the NBA in 1978 as General Counsel, and became the league's Executive Vice President in 1980. He became Commissioner in 1984 succeeding Larry O'Brien. He is credited with increasing the popularity of the NBA in the 1990s and 2000s.
Stern has served on the Rutgers University Board of Overseers and is a Chair Emeritus of the Board of Trustees of Columbia University. He is also a member of the Council on Foreign Relations.
David Stern was born on September 22, 1942 in New York City, New York. He grew up in Teaneck, New Jersey in a Jewish family, and is a graduate of Teaneck High School. Stern attended Rutgers University, where in 1960 he pledged to the Sigma Delta Chapter of Sigma Alpha Mu Fraternity. He graduated as B- dean's-list history student in 1963 and graduated from Columbia Law School in 1966, and was admitted to the bar in New York later that year after passing the state's bar examination.
His first association with the NBA in 1966 was as an outside counsel at Proskauer Rose. In 1978, Stern became the NBA's General Counsel under Larry O'Brien. By 1980, he was Executive Vice President of the NBA. During this time, two landmark decisions were reached with the NBA Players' Association: drug testing and team salary cap. The drug testing dealt with the perception that most basketball players used drugs, that the NBA admitted it had a problem, and it was cleaning it up. The salary cap created a revenue-sharing system where owner and player were effectively partners. Both of these agreements solidified Stern's standing inside NBA circles.
On February 1, 1984, Stern became the Commissioner of the NBA, succeeding Larry O'Brien. It was during that same year (1984-85) that four of the NBA's biggest superstars - Hakeem Olajuwon, Michael Jordan, Charles Barkley, and John Stockton - entered

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David Stern Latest News

Re-Examining the 1997 NBA Draft – If I Had Been Selected…

I wrote an official letter the NBA commissioner David Stern and presented my accolades: Six-foot-two. 3.8 G.P.A. Fraternity scoring leader on the eight-foot hoop in the parking lot. I wasn’t selected. Looking back now, I have to argue that I might have ...
Posted: June 22, 2016, 5:39 pm

Red Sox David Price Thinks the NBA Is Rigged

This outcome has also spurred the conversation that the Finals are rigged. Given the dubious history of the NBA when it comes to officiating and the David Stern Era, it is understandable why one would think that. Amongst those conspiracy theorists ...
Posted: June 18, 2016, 4:06 pm

Silver a rock star... Stern not so much!

NBA commissioner Adam Silver acting like a rock star at the 2016 NBA Draft, but don't forget the days of David Stern getting booed out of the building. (0:55)
Posted: June 23, 2016, 10:37 pm
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