Silver has reportedly already been approved by the owners to take over.
NEW YORK -- NBA commissioner David Stern will announce late Thursday that he is retiring on Feb. 1, 2014, multiple sources tell ESPN.com's Marc Stein.
The elevation of Adam Silver, Stern's deputy, to commissioner was unanimously approved Thursday by the NBA Board of Governors, the sources said.
Stern, 70, has been the NBA's commissioner since Feb. 1, 1984. Last December, at the time a new collective bargaining agreement was announced, he predicted it would be the final labor deal before he steps down.
Stern's first work for the league came in 1966 as outside counsel. As commissioner, he has guided the league through the eras of Larry Bird, Magic Johnson and Michael Jordan, achieving dramatic new heights of popularity. For many NBA fans, he is the only commissioner they have known.
The elevation of Adam Silver, Stern's deputy, to commissioner was unanimously approved Thursday by the NBA Board of Governors, the sources said.
Stern, 70, has been the NBA's commissioner since Feb. 1, 1984. Last December, at the time a new collective bargaining agreement was announced, he predicted it would be the final labor deal before he steps down.
Stern's first work for the league came in 1966 as outside counsel. As commissioner, he has guided the league through the eras of Larry Bird, Magic Johnson and Michael Jordan, achieving dramatic new heights of popularity. For many NBA fans, he is the only commissioner they have known.
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