The subject of David Stern's retirement timeline and a succession plan to replace him was discussed at the NBA's board of governors meeting.
Stern will retire on Feb. 1, 2014.
Stern has been commissioner since Feb. 1, 1984.
Deputy commissioner Adam Silver has been picked by the board of governors to replace Stern.
"I told (the owners) that it's been a great run that will continue for another 15 months," said Stern. "The league is in terrific condition."