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RandySF

(70,614 posts)
Thu Jul 18, 2024, 01:40 AM Jul 2024

What the WNBA's Windfall Could Mean for Player Salaries

Jackie Young, the WNBA’s highest-paid player, currently makes $252,450 annually. Within a couple of years, the WNBA’s lowest-paid players will sign what not long ago were record-breaking contracts for the league. (As recently as 2010, rookies earned a minimum of $35,190, while the maximum salary was $101,000.)

This shift could dry up the pipeline of WNBA players going abroad to supplement their incomes. While the contracts abroad are still lucrative—superstars like Brittney Griner and Breanna Stewart have both said they’ve made $1 million annually playing in Russia—the WNBA might pay all players enough where they don’t have to go overseas to afford the costs of professional basketball. If not all players, many should be able to make a healthy living playing in the U.S. year-round. (The WNBA did try to tackle this in the 2020 CBA by giving players bigger cuts of off-season marketing campaigns, but those applied to only certain players. In ’22, Griner brought national attention to the overseas dynamic when she was detained in Russia.)

The jump would be even better for top-drafted players locked into set rookie salaries through their fourth year. First through fourth picks like Clark would likely get paid much more than their current set contract of $85,873 for 2026 under the existing CBA.

For the highest-paid players like Young, tripling their salaries would land upward of $750,000, while quadrupling them would put the deals over $1 million annually for the first time in league history. These bigger deals could instantly become some of the highest salary contracts in women’s team sports, bypassing the world’s highest-paid female soccer player Sam Kerr and her nearly $550,000-per-year deal with Chelsea. And million-dollar paydays are nothing new to individual women’s sports like tennis and golf. Iga Świątek earned almost $10 million on the tennis court alone in both 2022 and ’23. The richest female athletes in U.S. team sports like soccer and basketball currently make most of their money from endorsement deals or entrepreneurship. Even with the anticipated salary increases, that would likely remain the case; see Caitlin Clark’s eight-year, $28 million deal with Nike.



https://frontofficesports.com/what-the-wnbas-windfall-could-mean-for-player-salaries/?utm_medium=social&utm_source=twitter&utm_campaign=overnight-slate

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What the WNBA's Windfall Could Mean for Player Salaries (Original Post) RandySF Jul 2024 OP
Need to have wage parity with the NBA MichMan Jul 2024 #1
The WNBA isn't even profitable. It's being subsidized from the NBA revenue. Mosby Jul 2024 #2
How silly of me to think that the greedy 1% will ever agree to give up anything MichMan Jul 2024 #3
Ford's EV programs are losing substantial amounts annually too MichMan Jul 2024 #4

MichMan

(13,160 posts)
1. Need to have wage parity with the NBA
Thu Jul 18, 2024, 06:02 AM
Jul 2024

Both leagues are owned by the NBA. There is no excuse why NBA players make tens of millions while WNBA players make a small fraction of that. Both should be covered by the same bargaining agreement. Players like Curry, Embiid, and Jokic might have to figure out how to live on $25 million a year instead of $50 million. I'm sure they will manage somehow.

No one would accept a major mega corporation putting all its female employees into one division and paying them a pittance when they are doing the same job.

Mosby

(17,452 posts)
2. The WNBA isn't even profitable. It's being subsidized from the NBA revenue.
Thu Jul 18, 2024, 03:16 PM
Jul 2024

It's never made a profit, it's going to lose 50 MILLION DOLLARS in 2024. That's more than double the entire WNBA payroll for 2024.

Just like actors and entertainers in their businesses, the NBA players themselves generate ALL the league's revenue, the CBA they worked out with the league gives them 51% of the revenue, and they sure as shit aren't going to share that with anyone who didn't have anything to do with creating that value.





MichMan

(13,160 posts)
3. How silly of me to think that the greedy 1% will ever agree to give up anything
Thu Jul 18, 2024, 10:28 PM
Jul 2024

They got theirs, right ? Maybe it's time to tax them 75% and see how they like it.

MichMan

(13,160 posts)
4. Ford's EV programs are losing substantial amounts annually too
Fri Jul 19, 2024, 10:49 AM
Jul 2024

What do you think would happen if they decided that workers involved in the manufacturing of EV would be paid 10% of those building profitable Pickups and SUV ?

Do you think Sean Fain and the UAW would idly stand by and let that happen? Would all the UAW members working on ICE vehicles be indifferent because they were still getting full pay? Or would they show solidarity and strike?

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