PARIS - The PBA Board of Governor renewed its confidence on commissioner Willie Marcial moving forward after giving him a three-year contract extension that will lasts until the 2026-27 season.
In particular, he thanked Vargas for keeping his confidence on him.
Chairman Ricky Vargas and the rest of the Board of governors affirmed their support to the 61-year-old Marcial, who's been at the helm of Asia's first ever play-for-pay league since 2018.
The league chief actually still had a year left remaining from the similar three-year extension given him by the Board last 2020 just before the outbreak of the pandemic.
"The commissioner was overwhelmingly extended to another three years," said Vargas, who made the announcement at the conclusion of the annual planning session held at the Warwick Hotel.
Marcial, the 10th commissioner in the 48-year-history of the PBA, expressed his gratitude to the continued support to him extended by the board despite the many challenges the league met during his first six years in office.
"Suwerte ako kasi siya lagi ang chairman ko," he said of Vargas, who also began his PBA chairmanship at the start of Marcial's term as commissioner.
Meanwhile, Atty. Ogie Narvasa was appointed by the Board as corporate secretary and corporate secretary for PBA properties.
Previously involved as commissioner of the Philippine Basketball League and the Metropolitan Basketball Association, the son of the late Chief Justice Andres Narvasa III is going to work hand in hand with PBA legal counsel Atty. Melvin Mendoza. (RG)