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NBA commissioner David Stern sets date of retirement and names Adam Silver as successor

Image: David Stern: Stepping down as NBA chief

NBA commissioner David Stern has announced that he will step down from his role at the start of February 2014 - 30 years to the day after he took up the role.

"There will be plenty of time during the transition to laud at David for all the things you've been done for the NBA, and for sports generally you'll be remembered as the best of all time as commissioners go. "You've set the standard not only for sports league commissioners but for CEOs in any industry. It's been honor to work for you for the past year 20 years."

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