NBA

In Las Vegas, NBA Commissioner Adam Silver Discusses Keeping Eye On Gambling

Jul 11, 2023, 11:21 AM

NBA Commissioner Adam Silver talks after the 2023 NBA All Star Game...

NBA Commissioner Adam Silver talks after the 2023 NBA All Star Game (Photo by Tim Nwachukwu/Getty Images)

(Photo by Tim Nwachukwu/Getty Images)

LAS VEGAS (AP) — NBA Commissioner Adam Silver said Monday that he believes all leagues have to continue keeping an incredibly close eye on gambling trends within their sport, mindful of issues that the NFL in particular has had to address in recent months.

Silver — who has been a longtime proponent of legalized sports betting frameworks within sports — spoke in Las Vegas, part of a moderated discussion as part of the Associated Press Sports Editors convention. He said he draws the analogy to insider trading, and how leagues, he believes, are finding ways to stay ahead of major problems.

“I think that public markets worked very well in this country,” Silver said. “But the other side of a public market is the potential for insider trading. And there’s very sophisticated algorithms, etc., that track it. It’s not that different in sports now, especially when you get higher volumes of betting. You have very sophisticated computers; when they see aberrational betting … you’re going to get caught.”

The NFL recently suspended four players for violations of its gambling policy; three received at least yearlong bans for betting on NFL games and one a six-game suspension for wagering on non-NFL games. It brings the total to 10 players disciplined over the past two years as that league vowed to increase training efforts across the board with an eye toward protecting the integrity of the game.

“I think there’s a responsibility for these leagues to invest more education, not just our own players, but of young people who might be doing something inappropriate or anybody who might be engaging in problematic gambling,” Silver said.

In other matters Silver discussed Monday:

Black Ownership

As he did during the NBA Finals, Silver discussed how the league’s ownership landscape will change when Michael Jordan — the lone Black majority owner in the league — finalizes the sale of his majority stake in the Charlotte Hornets.

“I’m so sad to see him leaving, choosing to leave as an owner, but of course he has the right to sell to whomever he wants to,” Silver said. “And I will say in terms of Black representation, we will not have a principal owner who’s Black but we have several, especially former players, Dwyane Wade being the most recently in Utah, Grant Hill, a couple others who have interest in a team.”

Silver said he can use his “bully pulpit” to make sure ownership groups coming into the league have diversity within their group.

Expansion

With a new collective bargaining agreement in place, the league will turn its attention toward finishing the next series of media rights deals.

And when that’s done, the NBA will seriously consider expansion — but not before, Silver said.

“We will turn to expansion once those media deals are done,” Silver said. “It’s not a sure thing. But as I’ve said before, I think it’s natural that organizations grow over time. There’s no doubt that there’s enormous interest in this (Las Vegas) market.”

Seattle has also long been mentioned as an expansion target. Many players have lobbied for Seattle to return to the NBA, and many — LeBron James among them — have said they strongly support the notion of Las Vegas getting a franchise.

Qatar Ownership

It became known last month that Qatar’s sovereign wealth fund is buying a roughly 5% stake in the parent company of the NBA’s Washington Wizards, NHL’s Washington Capitals and WNBA’s Washington Mystics as part of a $4.05 billion deal.

But there is no mechanism now — and none coming in the foreseeable future — that would allow such funds to purchase the controlling stake of an NBA team, Silver said.

“It’s very important to us, putting aside sovereign wealth funds, that individuals are in a position to control our teams, be responsible to the fans, be responsible for their partners, and to the players,” Silver said.

Ja Morant

Adam Silver stood by the 25-game suspension he gave Memphis guard Ja Morant for his second instance of displaying a gun on social media, even though the National Basketball Players Association has said it believes the sanction is too harsh.

As he said at the NBA Finals, Silver made it clear that he’s rooting for Morant.

“As I understand it, he is continuing to seek help,” Silver said. “And I know there’s enormous pressure that comes with being an NBA player, particularly a superstar player. So I’m certainly empathetic to the pressures he faces but I also feel, particularly around guns and the kind of violence we’re seeing among young people in our society, that this is something we have to take incredibly seriously.”

Are you on Threads yet? Let’s connect, give us a follow @kslsports

Want more coverage like Adam Silver discusses gambling? Take us with you, wherever you go.

Download the new & improved KSL Sports app from Utah’s sports leader. You can stream live radio, video and stay up to date on all of your favorite teams.

NBA

Utah Jazz waive Los Angeles Clippers guard Russell Westbrook...

Chandler Holt

Utah Jazz Officially Waive Guard Russell Westbrook

The Utah Jazz officially waived Russell Westbrook on Saturday, clearing the way for the veteran guard to join his next team via free agency.

4 days ago

Adam Silver NBA Media Rights Deal...

TIM REYNOLDS AP Basketball Writer

NBA Moves Big Step Closer To Finalizing New 11-Year Media Rights Deals

The NBA's Board of Governors approved the league's next media rights deals with Disney, NBC and Amazon Prime Video

6 days ago

Keyonte George NBA Summer League Salt Lake City Utah Jazz...

Chandler Holt

Are NBA Summer League Struggles A Cause For Concern?

The NBA offseason is driven by recency bias and high expectations, with Summer League players feeling that pressure the most.

6 days ago

Utah Jazz Sumer League Brice Sensabaugh finger injury...

Chandler Holt

Utah Jazz Forward Brice Sensabaugh Suffers Torn Finger Tendon

Brice Sensabaugh will miss the rest of the Vegas Summer League after suffering a torn extensor tendon tear in his left middle finger.

9 days ago

NBA - Fans - Getty Images...

JOE REEDY AP Sports Writer

What You Need To Know About The NBA’s Upcoming Media Rights Deal

The NBA's new media rights deals nearly put the league in the same economic arena with the media behemoth that is the NFL.

13 days ago

u.s.a. men's basketball...

TIM REYNOLDS AP Basketball Writer

U.S. Men’s Basketball Goals In Paris: Win Gold, See Simone Biles

Bam Adebayo has two primary goals to accomplish at the Paris Olympics. The first one is obvious: a gold medal.

16 days ago

Sponsored Articles

...

KSL Sports

Utah Hockey Newsletter: Sign Up Now

Want to get the latest info on Utah's newest sports franchise? Sign up for the Utah Hockey newsletter!

ksl-sports-newsletter...

KSL Sports

KSL Sports Newsletter: Sign Up Now

Sign up today for the KSL Sports newsletter. Get the latest Utah sports news delivered to your inbox.

...

KSL Sports

Jazz Notes Newsletter: Sign Up Now

Sign up today for the Jazz Notes newsletter. Get insider analysis, game recaps and opportunities to win tickets!

3 kids wearing real salt lake jerseys smiling...

Real Salt Lake

6 Reasons You Need to Experience a RSL Matchday

RSL Games are a great way to spend time with your family with fun activities, good food, and traditions you can only experience at the field.

High angle view of the beautiful Rose Bowl Stadium...

KSL Digital Sales

How to Prepare for the 2023 Rose Bowl

Everything you need to know to plan your 2023 Rose Bowl trip in Pasadena, California. This year, the Utes will face Penn State.

Jordan-Clarkson-Utah-Jazz...

KSL Digital Sales

Notable Moments From The Utah Jazz Season… So Far

At the beginning of the season, the Utah Jazz were second to last. Now they rank in the top 10 teams in the Western Conference.

In Las Vegas, NBA Commissioner Adam Silver Discusses Keeping Eye On Gambling