WNBA's 8-year labor deal to hike average salary to $130,000

The WNBA and its union announced a tentative eight-year labor deal that will allow top players to earn more than $500,000 while the average annual compensation will surpass six figures for the first time.

FILE - In this Sept. 29, 2019, file photo, WNBA Commissioner Cathy Engelbert speaks at a news conference in Washington. The WNBA and its union announced a tentative eight-year labor deal Tuesday, Jan. 14, 2020, that will allow top players to earn more than $500,000 while the average annual compensation for players will surpass six figures for the first time. I call it historic," WNBA Commissioner Cathy Engelbert said in a phone interview.

The deal was overwhelmingly approved by players and must still be ratified by owners. It calls for 50-50 revenue sharing starting in 2021, based on the league achieving revenue growth targets from broadcast agreements, marketing partnerships and licensing deals. The CBA also proposes a minimum of $1.6 million in offseason league and team marketing agreements that would create up to $300,000 in additional annual cash for select players.

Ogwumike said the labor pact provides more financial incentive for players to stay in the offseason instead of playing overseas. Former league MVP Breanna Stewart tore an Achilles tendon overseas last year and missed the entire WNBA season. Diana Taurasi sat out a season a few years ago because her Russian team was paying her more than $1 million and wanted her to rest.

“We’re hoping to lift, not just women in sports and women in basketball, but women in society.,” Engelbert said.

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