Those cufflinks could be made of solid gold, the cuffs constructed from the finest ivory.
Yahoo! Sports reports that NBA commissioner David Stern could make more in salary than all but a handful of the league's players.
Many owners don’t even know what Stern makes. “I’d say three or less know,” one NBA owner told Yahoo! Sports. Several believe it’s somewhere in the range of $20 million to $23 million a year, but no one knows for sure. Maybe it’s more than that, but the fact that some owners don’t know the answer is beyond belief.That salary ballpark squares with a New York Daily News report from February -- noted by CBSSports.com's Matt Moore in a piece on the league's opulent culture -- which pegged Stern's salary at $23 million.
Only one NBA player is set to make more than $25 million during the 2011-2012 season: Los Angeles Lakers guard Kobe Bryant, who is on the books for $25.2 million.
Only three other players are set to make more than $20 million: Boston Celtics forward Kevin Garnett ($21.2 million), San Antonio Spurs forward Tim Duncan ($21.2 million) and Washington Wizards forward Rashard Lewis ($21.1 million).
Stern is reportedly set to bring home more bacon than the league's worst contracts: Orlando Magic guard Gilbert Arenas ($19.3 million) and Phoenix Suns guard Vince Carter ($18.9 million, although only a fraction of that is guaranteed). He will also reportedly make more than most of the league's biggest stars, including Dallas Mavericks forward Dirk Nowitzki ($19.1 million), Los Angeles Lakers forward Pau Gasol ($18.7 million), New York Knicks forward Carmelo Anthony ($18.5 million) and Amar'e Stoudemire ($18.2 million), Orlando Magic center Dwight Howard ($18.1 million) and all three of the Miami Heat's Big 3 of LeBron James ($16.0 million), Dwyane Wade ($15.7 million) and Chris Bosh ($16.0 million).
Two pieces of information worth pointing out. First, Stern has held the commissioner title since 1984, so he's had more than two and a half decades to rack up pay raises. There's a very good chance he is the league's highest-paid employee by leaps and bounds. Second, Stern pledged not to accept any salary in the event of a work stoppage at the 2011 All-Star Weekend in Los Angeles.
Stern was asked whether he would reduce his salary to $1 if the two sides could not reach a labor agreement, as NFL commissioner Roger Goodell has pledged recently. Stern said: "Last time, I ddin't take any salary. I think a dollar would be too high in the event of a work stoppage."Still, that seems like an awful lot of money for the league's chief executive. Windfall salaries for chief executives in many industries are often tied to periods of peak company performance. The NBA, though, claims never to have had a positive operating income during the duration of the last Collective Bargaining Agreement.