Vice Chairman, Galatioto Sports Partners LLC
Former Deputy Commissioner and Chief Operating Officer, National Basketball Association (NBA)
Russ Granik, former Deputy Commissioner and Chief Operating Officer of the National Basketball Association, joined Galatioto Sports Partners, one of the leading firms in the sports finance and advisory business, as Vice Chairman in October 2006. He was a guiding force in helping to establish the National Basketball Association as the most popular sports league in the world. Mr. Granik represented the league in a wide range of successful projects, such as collective bargaining agreements, television contracts and the NBA’s involvement in international competition, including the last five Olympics, as a member of USA Basketball.
Mr. Granik joined the NBA in 1976 as a staff attorney. He became Assistant General Counsel in 1978 and General Counsel in 1980. When David J. Stern was elected NBA Commissioner in 1984, he named Mr. Granik to succeed him as Executive Vice President. In 1990, Mr. Granik was elected Deputy Commissioner by the NBA Board of Governors.
During his tenure, Mr. Granik participated in every major business negotiation on behalf of the NBA and was also the chief negotiator for the league in collective bargaining that resulted in agreements with the National Basketball Players Association in 1988, 1995, 1999 and 2005.
From 1996-2000, he served as the President of USA Basketball, the United States’ national governing body for international basketball competition. From 1989-96, he was a Vice President of USA Basketball and, in that role, was instrumental in working out the details of the participation of NBA players beginning with the 1992 Olympics. In November 2005, Mr. Granik received USA Basketball’s Edward S. Steitz Award, which recognizes individuals for their outstanding contributions to international basketball.
Mr. Granik served two terms (2003-2007) as Chairman of the Board of the Naismith Memorial Basketball Hall of Fame, where he has been a Trustee and member of the Executive Committee since 1984, and he is also a member of the Board of Athletes for Hope.
Effective November 1, 2010, Mr. Granik was retained by ESPN as its Labor Analyst, providing on-air commentary on current collective bargaining issues in professional sports.
Mr. Granik graduated Magna Cum Laude in 1969 from Dartmouth College, where he was elected to Phi Beta Kappa, and Cum Laude from Harvard Law School in 1973. He was associated with the law firm of Breed, Abbott & Morgan in New York before joining the NBA.