Basketball
Related: About this forumTensions Rising As WNBA Salaries Aren't Going Up Anytime Soon, Despite Record-Breaking Rights Deal And The Popularity Of
WNBA salaries arent expected to increase anytime soon despite how popular the league has become, which is mostly due to the arrivals of players such as Angel Reese and Caitlin Clark.
The WNBA also just agreed to a record-breaking television rights deal that will pay out $2.2 million over the next 11 years, a significant jump from the $60 million a year it currently earns.
Things are certainly looking up for the league, but perhaps not so much for the players. According to Tania Ganguli of the New York Times, the WNBA is still planning on operating cautiously with money as it still isnt profitable.
As its popularity booms, the W.N.B.A. has made some concessions to players beyond the collective bargaining agreement, but it isnt quite ready to fully loosen its purse strings, Ganguli noted in a recent piece. Some owners would also like to make serious investments in players, but league rules protecting competitive balance often dont allow for that.
https://www.totalprosports.com/wnba/report-tensions-rising-as-wnba-salaries-arent-going-up-anytime-soon-despite-record-breaking-rights-deal-and-the-popularity-of-angel-reese-caitlin-clark/
Ontheboundry
(302 posts)There is a contract still in place signed by the players. They can't have revenue sharing due to the fact the league operated in the red and subsidized by the NBA
This is the first year they will be able to turn a real profit.afaik.
RandySF
(71,149 posts)JT45242
(2,992 posts)One profitable season can lead to giddiness that ends with bankrupting franchises.
The wnba won't see any of that new TV money for a couple of years. When it comes in, the players salaries will go up because the salary cap will go up.
If you have a promotion and raise scheduled for 18 months from now, you shouldn't increase spending until 19 months from now.
Response to RandySF (Original post)
RandySF This message was self-deleted by its author.
MichMan
(13,551 posts)Ontheboundry
(302 posts)RandySF
(71,149 posts)MichMan
(13,551 posts)ProfessorGAC
(70,597 posts)It's $200 million per year, for 11 years. Local rights are also going up, but there's no easy way to consolidate all those various deals to know what the increase will be.
It's just a silly mistake in the article.