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Caitlin Clark's reward for a record-smashing NCAA career: A $76,000 WNBA salary
(www.motherjones.com)
this post was submitted on 07 Apr 2024
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Profit or revenue? Idk latest numbers but iirc the wnba lost 12 million in 2019 alone. The total value of the wnba is 1 billion dollars. For context, Steve Ballmer bought the clippers for 2 billion.
The entire wnba has a value that is half the value of the number 2 team in the LA market. Baller bought the team in 2014 btw, so it's half the value from 10 years ago. I think the most recent sale was when an investment group paid 3 billion for majority share of the hornets about a year ago. By that measure the wnba is worth, maybe a quarter, of one of the least valuable franchises in the nba.
Plus these are rookie scale contracts. That's pretty standard part of union collective bargaining. The union wants available funds to go to veteran players. You can't really make a strong argument for those funds being too low when the league has never turned a profit in 25 years.
The Sun's sold for $4 billion last year. That roughly a mid league team.