I TIVOed the conference. The only thing Stern said that was significant was that they didn't know jack about any of this until June 20--if somebody discovers evidence to the contrary, he's gone now. He probably would have been gone anyway, so maybe even that statement isn't worth too much.
His statement about transparency was so vague as to be essentially without meaning IMO.
This is what I got:
--The NBA had no idea Donaghy was involved with the mafia, or that he had any red flags at all
--even a month after they were informed, they still have no idea whether he fixed any games, or whether he had co-conspirators in the NBA
--in all likelihood, they will never know the answers to those questions unless Donaghy confesses or they are informed by the FBI
--the NBA's security is the greatest ever, and they're not planning to make any significant changes in that department.
--even though the NBA is unable to distinguish honest officiating from game-fixing after a full month of investigating, Stern assures us that his referees are the "best in the world". (I suppose they're better-groomed than their European counterparts.)
I agree that Stern turned the smug factor way down for this, though.