David Stern Net Worth is$50 Million
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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

David Stern set for honor that's 'at the top of the chart,' will be enshrined in Hall of Fame

NEW YORK – David Stern remembers the days when an NBA staff that numbered about two dozen was just trying to keep some teams in existence long enough to get them on national TV. Now the former commissioner looks at a league whose 1980 championship series ...
Posted: August 3, 2014, 5:00 pm

In a Transition Game, David Stern Is Passing the N.B.A. Commissioner’s Hat to Adam Silver

David Stern stepped into a conference room through a side door from his office. He carried a can of soda and a small plate of tortilla chips. “My lunch,” he said on a recent weekday afternoon as he settled in to be interviewed jointly with Adam Silver ...
Posted: January 26, 2014, 2:51 am

David Stern leaves as 'No. 1 reason' for NBA success

One day this week, David Stern will make his work commute as commissioner of the NBA for the final time. He'll have a car service take him from his home in Westchester County, N.Y., to 645 Fifth Ave. in Manhattan. Stern, 71, will likely show up before 9 a ...
Posted: January 26, 2014, 11:02 pm
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