WASHINGTON -- David Stern grew up in the 1950s working in his dad's New York deli and became a basketball fan watching the hometown Knicks reach the 1951-53 NBA Finals.
So when Stern died Wednesday, nearly three weeks after a brain hemorrhage, the NBA's legendary players paid tribute to Stern's ongoing legacy of global stars, a worldwide fan base and riches for team owners and players. RIP Mr David SternThe NBA has annual revenues of $8 billion, Forbes magazine estimated last February, with the Knicks valued at $4 billion, the average club worth $1.9 billion and the average player earning an annual $7 million salary.
"Over the course of 30 years as commissioner, he ushered in the modern global NBA," current NBA commissioner Adam Silver said of Stern. "I don't have a good answer for that question," he said. "I've been knocking myself out for 30 years, and we've had some good successes, we've had some difficulties. Marketing by the league and its sponsors turned star players into single-name celebrities - Bird, Magic, Jordan, Pippen, Kobe, Shaq.
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