Executives from around the NBA paid tribute to former NBA commissioner David Stern, who died on Sunday at the age of 77.
He also presided over four NBA lockouts and led efforts to create two new leagues, the Women's National Basketball Association and the NBA Development League; implemented the first dress code and first anti-drug agreement in professional sports; and introduced salary caps and revenue sharing to the league.
"It wasn't sports," O'Neil told CNBC. "He wasn't reading about the Atlanta Hawks versus Milwaukee game. He was reading about life science, and politics, the emerging economy in Brazil and India, and the incredible market that Africa is today. He understood the geopolitical impact and influence that it would have on this game."
Welts worked under Stern as the league's chief marketing officer and president of NBA Properties until 1999 before leaving the NBA to become president of Fox Sports Enterprises.Said Welts: "I used to joke that my greatest success of my life was directly reporting to David Stern for 17 years and living to tell about it because it was somedays, an amazing challenge.
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