NBA Commissioner David Stern has announced that he will be stepping down, reports the Associated Press.
According to the story, "NBA Commissioner David Stern, 70, will step down on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Deputy Commissioner Adam Silver. The announcement came at an NBA Board of Governors meeting Thursday [Oct. 25, 2012]."
The article continues, "’I decided that things are in great shape and there’s an organization in place that will ultimately be led by Adam that is totally prepared to take it to the next level,’ Stern said, [adding], ‘I feel great. I’m stepping down. I’m not retiring. I will enjoy watching it. Not in any official [capacity]. Comfortably away someplace else. On call to help.’”
The story notes that Stern "became commissioner on Feb. 1, 1984. He has been the NBA’s longest-serving commissioner, establishing the league’s brand around the world, presiding over team expansion and overseeing the establishment of the WNBA and the NBA Development League."