Adam Silver

An investigation into the sports betting activity of Jontay Porter led to his becoming the first NBA player given a lifetime ban for gambling activities in over 70 years. He is also one of the few people to get a lifetime ban from the league by current commissioner Adam Silver. What Happened: The...

There are a limited number of publicly traded sports teams available for investors across the various North American sports leagues. One public company offers ownership of a leading National Basketball Association and National Hockey League team and enters the spotlight with potential legal...

NBA star Kevin Durant persuaded league commissioner Adam Silver to remove marijuana from the league’s banned substance list. What Happened: During CNBC x Boardroom’s inaugural Game Plan sports business summit, Durant, who is also a cannabis advocate and entrepreneur,...

Media giant Walt Disney Co. (NYSE: DIS) made a rather shocking move in November when it announced it had a new CEO to replace Bob Chapek. While Disney has a popular name leading the company now, here’s a look at who could be next in line. What Happened: In November, Disney announced...

Fantasy sports and blockchain technology company Sorare is partnering with one more professional sports league. Here’s the latest and what it means for the world of sports and non-fungible tokens. What Happened: Sorare, which touts tennis star Serena Williams as an investor and board member,...

The fallout in China from Houston Rockets General Manager's Daryl Morey’s now-deleted tweet in support of Hong Kong protesters is ongoing.  Companies Cut Ties  Tencent Holding/ADR (OTC: TCEHY), Vivo and CCTV have all suspending ties with the NBA following the...

One day after MGM Resorts International (NYSE: MGM) announced it's developing a $200-million sports betting and interactive gaming platform in a joint venture with GVC Holdings PLC, the company announced a partnership with the NBA. What Happened MGM resorts and the NBA have signed a multiyear...

Sports betting is legal in the United States. The Supreme Court’s landmark decision to overturn PAPSA, a law in place since 1992, has far-reaching implications for professional sports and creates the potential for legalized and regulated online gambling. "The legalization of sports...

Reigning NBA champions, the Cleveland Cavaliers have officially signed a deal securing a jersey sponsorship with Goodyear Tire & Rubber Co (NASDAQ: GT) that will begin in the 2017 season. Since the NBA became the first professional North American league to approve jersey sponsorships 13 months...

Last week, the NBA took a stand against what it sees as a discriminatory bill in North Carolina that limits transgender public restroom use. In response to the bill, the NBA has moved the location of the 2017 NBA All-Star Game out of Charlotte, North Carolina. “While we recognize that the...

The 2016 NBA draft is underway and with longtime consensus #1 pick Ben Simmons going to the Philadelphia 76ers. Simmons, a versatile 6'10" forward from Australia has been projected as the top selection in the league for some time. At the NBA draft, Commissioner Adam Silver announced the 2016 NBA...

The National Basketball Association (NBA) and Nike Inc (NASDAQ: NKE) announced this week that Nike will now be the exclusive provider of on-court apparel for the NBA, the WNBA and the NBA D-League. While the financial terms of the deal were not released, the agreement reportedly extends from...

The state that voted the biggest action movie star ever its governor and whose capital city's mayor-ship is in the hands of a former NBA all-star may have its once sad-sack franchise open for bidding. The fun is just beginning. Donald Sterling will soon be out. That's the plan NBA...

NBA Commissioner Adam Silver is just three months into his job, but has already set a precedent that could define him for a lifetime. "I will urge the board of governors to exercise its authority to force a sale of the team," said Silver on Tuesday afternoon. Following the league'...