NBA Commissioner David Stern Announces Retirement

NEW YORK, NY - OCTOBER 25: (L-R) Peter Holt, owner of the San Antonio Spurs, Adam Silver, Deputy Commissioner of the NBA, David Stern, Commissioner of the NBA, and Glen Taylor, owner of the Minnesota Timberwolves, address the media following the NBA Board of Governors Meeting, during which Stern outlined his plans to step down in February 2014, at the St. Regis hotel on October 25, 2012 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Alex Trautwig/Getty Images)