NBA Commissioner David Stern Retiring in 2014

| by Alex Groberman

After presiding over the NBA for nearly 30 years, David Stern is finally ready to call it quits. The man who many consider to be greatest sports commissioner of all time announced today that he would step down from his post on Feb. 1, 2014.

This news originally broke when Adrian Wojnarowski of Yahoo! Sports passed along an e-mail that had been sent to NBA executives.

"The Board has selected Adam Silver to succeed me as NBA Commissioner, and I am very pleased with their choice," Stern said in the email. "As you know, Adam is a world-class business executive who has influenced so many areas of our business during his 20-year tenure with the league, from television, to digital, to international, to merchandising, to sponsorships, to team business, to, of course, labor negotiations. I know that the organization will be in very good hands when Adam becomes Commissioner.

"What we have achieved together and will continue to achieve is extraordinary – and we will have 15 months to talk about it."

Shortly afterwards, a press conference was held in which Stern confirmed the report.

''I don't know what else to say other than to recite what I told the owners yesterday in executive session,'' Stern said (via FOX Sports). ''I told them that it's been a great run, it will continue for another 15 months, that the league is in, I think, terrific condition.''

Silver, as you would expect, had nothing but praise for his boss.

''You'll be remembered as the best of all-time,'' Silver told Stern.

Stern became the NBA commissioner on Feb. 1, 1984. He will step down on his 30th anniversary.

(Kudos Yahoo! Sports, FOX Sports)

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