NBA’s Silver receives a five-year extension

NBA Commissioner Adam Silver has received a five-year contract extension, a reward for accomplishments that include rapid growth in the value of franchises and attendance records around the league being set annually.

Board of Governors Chairman Larry Tanenbaum of the Toronto Raptors announced the deal Wednesday, one that keeps Silver under contract through the 2024 NBA Finals. Financial terms were not disclosed.

Silver, 56, led a smooth series of negotiations with the NBA players union on the way to a new collective bargaining agreement in 2016 — one in which salaries around the league soared thanks to a $24.1billion, nine-year television and media rights deal that he helped strike with Disney and Turner Sports two years earlier.

A person familiar with the decision says the Cleveland Cavaliers will make a $3.4-million qualifying offer to restricted free agent Rodney Hood. The team has until midnight Friday to make the offer to Hood, who joined the team in February following the Cavaliers’ flurry of trades at the deadline. Also, the Cavaliers intend to pick up center Kendrick Perkins’ $2.5-million nonguaranteed contract for next season. The move with Perkins is so the team can potentially use his salary slot in a trade.

The San Antonio Spurs announced that they have promoted Becky Hammon, and that she will fill the spot vacated by James Borrego on the team’s roster of assistant coaches.

Hammon has been a member of the San Antonio coaching staff since 2014, and was one of six assistants under Gregg Popovich last season. Hammon has been among the assistants who sit in the row directly behind the Spurs bench, but this move means she will be in the front row alongside Popovich starting this season and solidifies her status as a rising star in NBA coaching circles.