Heat owner unanimously named Chairman of NBA’s Board of Governors

The NBA announced Tuesday that Miami Heat principal owner Micky Arison has been unanimously elected the next chairman of the NBA’s Board of Governors.

He will succeed Toronto’s Larry Tanenbaum, who has been the NBA’s chairman for the last nine seasons.

“I’m grateful for Larry’s nearly three decades of stewardship of the Raptors and his commitment to helping guide our league as NBA Board Chairman over the past nine years,” NBA commissioner Adam Silver said via release. “Micky’s long record of service on the Board, his strong relationships with his fellow team owners and his deep understanding of our game and business make him an exceptional choice to assume this important leadership role.”

Arison purchased the Heat in 1995, when he hired former Miami Heat head coach and longtime executive Pat Riley. Miami was previously owned by Lewis Schaffel and Billy Cunningham, and Arison’s purchase — for $60 million — helped keep the organization in Miami.

Since his arrival, Miami has won seven conference championships and three NBA Titles. It has consistently been one of the most successful organizations this century. As a result, Arison was elected to the Basketball Hall of Fame last April, joining Pat Riley, Alonzo Mourning, Chris Bosh, Ray Allen, Gary Payton, Tim Hardaway, Shaquille O’Neal and Dwyane Wade as former Heat members to be enshrined in the Basketball Hall of Fame.

“I look forward to working closely in this new capacity with Adam, the league office and my fellow team governors to champion our teams and players, ensuring we continue to deliver exciting and unforgettable experiences for our fans,” Arison said via release.

His tenure will begin in September of 2026.

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