Stern to retire as NBA commissioner in 2014

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NEW YORK — David Stern spent nearly 30 years growing the NBA, turning a league that couldn’t even get its championship series on live prime-time TV into a projected $5 billion a year industry.

Confident the NBA is in good shape, Stern is ready to end one of the most successful careers in sports history.

Stern will retire as commissioner Feb. 1, 2014, 30 years to the day after taking charge of the league, and be replaced by Deputy Commissioner Adam Silver.

Stern told owners of his plans during their two days of board of governors meetings, and the board unanimously decided Silver would be his successor. Owners will begin negotiations with the 50-year-old Silver in hopes of having a contract completed by their next meeting in April.

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