WNBA Proposal: Historic Salaries and Increased Revenue Sharing
The Women’s National Basketball Association (WNBA) has presented a collective bargaining agreement proposal that could mark a turning point in the league. This initiative, confirmed by sources close to the matter, includes a significant revenue sharing and a considerable increase in players’ salaries. The plan, discussed in recent meetings, includes a maximum salary that would exceed $1.1 million, available for more than one player per team, with annual increases. In addition, the league’s minimum salary would rise to over $220,000, with an average exceeding $460,000. These salary increases would come into effect in the first year of the agreement, benefiting more than 180 players and increasing throughout the duration of the collective bargaining agreement. The current collective bargaining agreement, which was due to expire on October 31st, has extended negotiations until November 30th, providing more time to reach an agreement that could be revolutionary for the players in terms of compensation.The players exercised their right to terminate the collective agreement last year, seeking, among other things, a greater distribution of income, higher salaries, better benefits, and a more flexible salary cap. Following the expiration of the last agreement in 2019, both parties agreed to a 60-day extension, with an agreement finally ratified in January 2020.The proposed package is highly lucrative and offers substantial increases compared to previous years, seeking a quick conclusion to the negotiations.
Sources close to the WNBA
