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David Stern, iron-fisted NBA commissioner, to step down

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Stern instituted a salary cap and drug testing, and turned the U.S. Olympic team into the unofficial 31st franchise starting with the 1992 Dream Team. Franchise values have soared, as the NBA grew to 30 teams and branched into Canada with the Toronto Raptors.

Allowing the Vancouver Grizzlies to leave Canada for Memphis in 2001 goes in Stern’s minus column. The league on Thursday approved the struggling Grizzlies’ sale to a group headed by Californian Robert Pera and backed by an assortment of stars including Peyton Manning’s wife, Ashley, and actor Justin Timberlake.

The SuperSonics’ departure from Seattle in 2008 was bungled when Stern backed owner Clayton Bennett’s attempt to get the city to finance a new arena and then let Bennett move the team to Oklahoma City.

The 2004 Pacers-Pistons “Malice at the Palace” brawl occurred under Stern’s watch, but his punishments were severe.

Los Angeles Lakers fans would add to the negative side of the ledger Stern’s conflict of interest in vetoing a three-team trade that would have sent Chris Paul to the Lakers from the league-operated Charlotte Hornets.

On a larger scale, Stern had to deal with referee Tim Donaghy’s involvement in a gambling scandal that sent Donaghy to prison and threatened the integrity of the league.

“I can tell you that this is the most serious situation and worst situation that I have ever experienced either as a fan of the NBA, a lawyer for the NBA or a commissioner of the NBA,” Stern said in July 2007.

But his accomplishments will rightfully outweigh the criticism.

“I think the biggest thing he did right is the recognition of growing the game internationally, and I think a big part of that, which helps domestically, is placing an emphasis on the stars of the sport,” said Patrick Rishe, a Forbes contributor and associate professor of economics at the Walker School of Business at Webster University in St. Louis.

“If fans become enamored with stars, then they get to know teams, and I think that was the mind-set in part that he used.”

Rishe said he’d rank Stern second to Pete Rozelle in the pantheon of sports commissioners.

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