The WNBA has produced an average NET LOSS of $10M per year. The NBA, however, turns a PROFIT of roughly $2.1B per year, which is what allows them to payout 50% of the league revenue to players. While the WNBA only pays out 20% of its revenue, it doesn’t actually turn a profit.
How much money does the WNBA lose a year?
NBA commissioner Adam Silver reports that the WNBA has lost an average of $10 million every year it has existed, which the NBA subsidizes out of the goodness of its politically correct heart.
How much is the WNBA in debt?
The Monarchs are missing Yolanda Griffith’s 16.2 ppg and 11.2 rpg averages from a year ago. Approximately $22 million in debt, according to figures supplied by the league’s bankruptcy counsel, the ABL became No.
Does the WNBA operate at a loss?
To make matters worse, since its inaugural season in 1997, the WNBA has not turned a profit — losing a significant amount of money each season. Thus, it was reported that the league is losing $12 million per season. In the same way, it is estimated that more than half of the 12 WNBA teams are losing money.
Who is the richest WNBA player?
In terms of average annual salary, players on the Phoenix Mercury, such as star player Diana Taurasi, brought home over 81 thousand U.S. dollars in 2019, more than any other team.
Is the WNBA profitable 2020?
The WNBA generates revenues of $60 million annually, but it also has costs in excess of $70 million annually. So, the WNBA does not make money. It has turned an average $10 million net loss (revenue costs) per year, since its inception in 1996.
Who is the lowest paid NBA player right now?
The lowest paid player for the Los Angeles Clippers in the 2020-21 NBA season is Daniel Oturu who will be paid a guaranteed $898,310.
What is the maximum WNBA salary?
The base max salary is $190,550. The league minimum salary is now $58,710. The salary cap, which is regarded as a hard cap, stands at $1,339,000; this amount of money is distributed among 11 or 12 players on each of 12 rosters.
How much do WNBA players make 2020?
The agreement guarantees that the top players in the league eventually will earn in excess of $500,000 annually and that the average pay will reach $130,000. But the lower end isn’t all that impressive — at least for now. One of the players making one of the lower salaries at $57,000 for 2020-21 is Arike Ogunbowale.
How much money does Candace Parker make in the WNBA?
Candace Parker signed a 5 year / $577,500 contract with the Los Angeles Sparks, including an annual average salary of $115,500. In 2020, Parker will earn a base salary of $119,500, while carrying a cap hit of $119,500.