The WNBA has officially announced it has raised almost $75 million in investments – the largest amount raised for a women’s sports league ever. For context, the figure represents the value of Steph Curry and Chris Paul’s contracts combined.
WNBA Announces $75m Windfall
The WNBA has announced that they will be receiving $75 million in investments to underwrite the league’s evaluation, overall growth, and marketing. The investors include Nike, Condolezza Rice, Baron Davis, and many more.
“We are incredibly fortunate to be able to capitalize on the current momentum around women’s sports and are grateful to the investors who have chosen to support the WNBA in an unprecedented way and to our team governors who continue to invest in the players and teams,” WNBA Commissioner Cathy Engelbert said.
Though the investment is unprecedented, it still pales in comparison to the massive capital invested in the NBA. The average WNBA salary is $120,648, according to Yahoo Finance. The average salary in the NBA is $7.90 million for the 2020-21 season and is projected to be $8.25 million in the 2021-22 season.
The $75 million is the equivalent of what superstar ballers Steph Curry and Chris Paul make combined. Meanwhile, the highest paid female WNBA players, Sue Bird, Dewanna Bonner, and Liz Cambage all make $221,450 each.
Former NFL Coach Sues The League For Discrimination
In other sports news, NFL coach Brian Flores has filed a racial discrimination lawsuit against the NFL, the Miami Dolphins, the New York Giants, and the Denver Broncos. Flores spoke out for the first time in an interview with CBS Mornings on Wednesday.