Blog Entry

David Stern makes less than Selig, Goodell?

Posted on: August 4, 2011 10:40 pm
 
Posted by Ben Golliver

david-stern

Executive pay is always a touchy subject, so when reports surfaced that NBA commissioner David Stern was hauling in upwards of $20 million per year in salary, there was plenty of outrage among fans and current players alike.

Indeed, a salary in that ballpark would have given him a bigger deal than every NBA player except for one: Los Angeles Lakers All-Star guard Kobe Bryant, who is set to make more than $25 million next season.

But since the $23 million figure was reported by Yahoo! Sports earlier this week, multiple reports have pushed back.

One ESPN.com report placed Stern's salary at $15-16 million; another said Stern is paid about $9 million.

On Thursday night, the Associated Press weighed in, citing anonymous league officials who claim Stern makes less than $10 million a year.
Two league officials say NBA Commissioner David Stern makes less than baseball's Bud Selig or the NFL's Roger Goodell, leaving his salary far below the more than $20 million that's been reported.

One of the officials told The Associated Press on Thursday that Stern's salary is set by the advisory/finance committee, which consists of 11 owners. The people were granted anonymity because the NBA does not release individual salaries.

Selig makes more than $18 million annually. Goodell receives about $10 million in salary, bonus and incentives.
It really doesn't make much sense for Stern to be making significantly less than Selig and less than Goodell. He's been on the job for longer than either of his counterparts, having assumed the commissioner's role in 1984. Selig became MLB commissioner officially in 1998; Goodell took the NFL's top spot in 2006. And SBNation.com recently unearthed a report noting that Stern was the highest-paid commissioner in professional sports in 1990, making more than all of his counterparts put together.

Stern's salary is said to be a closely guarded secret, a figure not known to league officials or many ownership sources. The back-and-forth regarding how much he makes is likely to continue to be a speculative matter unless he were to take the unusual step of publicly disclosing it, which seems unlikely.

Regardless of what he makes, Stern has pledged not to accept any pay during the ongoing lockout, although there's always the possiblity those lost wages are re-paid to him once an agreement is reached.
Comments

Since: Aug 4, 2011
Posted on: August 9, 2011 11:23 pm
 

David Stern makes less than Selig, Goodell?

agreed...pretty much every sport has gone down in quality lately but none so much as the NBA...Stern is evil.



Since: Aug 25, 2006
Posted on: August 7, 2011 11:16 am
 

David Stern makes less than Selig, Goodell?

stern should make less than goodell and selig.  he has made the nba unwatchable



Since: Jun 25, 2009
Posted on: August 7, 2011 12:44 am
 

David Stern makes less than Selig, Goodell?

Finally, why the **** is no one even talking? The players have been locked out for six weeks now and the two sides met once. For three hours. How is that acceptable? At least the NFL tried to reach a deal, which eventually happened. The commissioner of the NBA is guiding us to a season-ending lockout and all he's done is file suits

I don't think you understand how this works.  It wasn't Stern that locked out the players.  It wasn't Stern that demanded a 40 percent paycut.  Stern works for the OWNERS.... they hired him, they sign to contracts and they extend his contracts.  Owners vote and decisions are made.  Yes, Stern being the commissioner is obviously involved in the process in a big way, but he doesn't make decisions like that.

Get it through your head.  There won't be much talking and there won't be an NBA season.  They'll pretend to talk over the next few weeks but that'll stop very soon after they start.  NBA owners are losing money, end of story. Believe anything you want but profitable owners don't take the approach these NBA owners are taking..... 



Since: Oct 26, 2006
Posted on: August 6, 2011 1:58 pm
 

David Stern makes less than Selig, Goodell?

That pantywaist Selig makes that kind of money? Wow. They all stink. This has to be the worst era for sports commissioners.



Since: Aug 19, 2006
Posted on: August 6, 2011 3:44 am
 

David Stern makes less than Selig, Goodell?

Regardless of how long Stern has been on the job he is in the proper "pecking" order according to popularity in U.S. sports:  NFL, MLB, NBA.  If he receives the lowest income of the three, well dogonit he should; if he receives more than any of the other two then it's a travishamockery!! 



Since: Mar 30, 2010
Posted on: August 6, 2011 2:00 am
 

We need Britny Spears' "leave him alone" thing

I wonder what would happen to a vid under a blanket of a pasty blond crying/screaming to leave Stern alone. Viral possibly?  I'm not blond/pasty/or emotional enough to care really, but I'll bet somebody could make some funny vids....  In any case, the NBA has run it's course in America. The welcome mat has been worn out and Joe Public won't shell out any more dollars that can be better spent on College hoops, the NFL, or even tickets to gymnastic ribbon twirling.  So long, NBA. Hellooooo world wide league startup.



Since: Sep 5, 2006
Posted on: August 5, 2011 1:15 pm
 

David Stern makes less than Selig, Goodell?

lee3022 - if you believe for a second that Stern won't get all his "missed" pay just as soon as the lockout ends, I have a bridge you might be interested in. Stern wants to slash player salaries by 40%. That makes his salary very material. If your boss wanted to cut your pay in half because he thinks you make too much, would you want to know how much he makes? Of course you would.
I'd also like to know what he makes so I can somewhat compare his compensation to his performance. This will be the second time his league has missed games in the last 13 years. That's wretched, especially when you consider that the CBA both sides agreed to the last time he lead the league into a lockout was viewed as a huge win for the owners. Stern said as much at the time, which makes me wonder if he even knows how to build a successful financial model that doesn't involve gashing player salaries.
Finally, why the **** is no one even talking? The players have been locked out for six weeks now and the two sides met once. For three hours. How is that acceptable? At least the NFL tried to reach a deal, which eventually happened. The commissioner of the NBA is guiding us to a season-ending lockout and all he's done is file suits.



Since: Mar 2, 2008
Posted on: August 5, 2011 11:14 am
 

David Stern makes less than Selig, Goodell?

With around 22 NBA teams apparently in the red, I would hope he doesn't get paid well.  That is total utter fail from an upper management position, I do not care what business you are in.  To let that supposedly happen makes me question his own position as commissioner.



Since: Dec 5, 2006
Posted on: August 5, 2011 3:57 am
 

David Stern makes less than Selig, Goodell?

It is interesting how many media members and posters here have jumped on an apparently false story from Yahoo about Stern's salary. Because Stern is taking zero salary during the lockout his salary is immaterial to the discussion of the CBA for the NBA.

It does not surprise me that Stern takes less. Consider that, although Stern exercises a lot of control, the NBA is governed by the Board of Governors and not the commissioner. In Baseball, Selig is king as it nearly always has been. He theoretically takes both player and team interests under consideration. He also had to sell his ownership of the Brewers to become Commissioner. As for Goodell, the NFL takes in more than double the revenue that the NBA gets. It stands to reason that his salary is more.

The failure of the media to fact check its stories have led to many false reports around the NBA. Another common one is that the owners' claimed loss is not supported by fact. The provision of audited financial statements from each team and the league as a whole dashes this story to pieces. These statements have been audited by independent CPAs and they have reported that the statements present fairly the financial position and the results of operations for the periods in the statements.



Since: Aug 7, 2008
Posted on: August 5, 2011 2:24 am
 

David Stern makes less than Selig, Goodell?

I think Stern makes less money than the other bosses because his job is not as complicated and that he has not expanded the NBA into foreign markets or brought in minority investors. Oh...and he has not done anything to make basketball less boring.


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