The WNBA is one of the most popular sports leagues, and Caitlin Clark is one of the main reasons why. Some would think the league is now making millions, but according to some sources, that’s far from the truth.
Before the 2024 WNBA season, the league was projected to earn over $240 million after adding rookie sensations like Caitlin Clark, Angel Reese, and others to some of their 12 teams.
However, that wasn’t the case at all. It has since been reported that the league will be losing a total of $50 million, but that isn’t quite the case. This has frustrated some of the league’s NBA investors, and reasonably so.
The NBA reportedly owns around 60 percent of the league, and hundreds of millions have been invested in it since its inaugural season, which began in April 1996, over a quarter century ago.
James Dolan Considered A Hero Of The NBA’s Investors of The WNBA
Many NBA investors claim that they have not received a return after shelling out millions to see a women’s team in their city, and they are pressing Commissioner Adam Silver for answers as to when that money will come in.
“There’s a bunch of owners who see Dolan as their hero for pressing Silver on these questions, but Silver is not giving us any answers,” said an unnamed source about New York Knicks owner James Dolan.
The WNBA is set to lose just about $40 million in 2024, better than the reported $50 million projected to sink. This is just a start, as the league is set to make around $2.2 billion over 11 years beginning in 2026.
Some new media contracts, as well as the expansion of the WNBA regular season and playoff formats, will help the league make money. These will undoubtedly increase the revenue stream due to the sell-outs currently being seen for the 2024 WNBA finals.
News
Pregnant Kylie Kelce jokes she’s ‘slightly offended’ people think her daughter resembles Travis Kelce (nuna)
Nikki Glaser was surprised by Tom Brady’s Kim Kardashian jokeNikki Glaser was surprised by Tom Brady’s Kim Kardashian joke Kylie Kelce joked that she is “slightly offended”…
Cardi B claims she spends $3M per month, turned down $65M tour offer after she’s accused of going broke (nuna)
Mel B gushes over 5-year relationship with ex Christine Crokos: I was ‘in love’ Cardi B opened up about her money bag after fans speculated that she is struggling…
‘RHOSLC’ star Mary Cosby shares emotional update on son after he went to rehab for drug addiction (nuna)
Mary Cosby’s son came out of rehab a “new person” after seeking treatment for drug addiction. The “Real Housewives of Salt Lake City” star shared the update…
Nick Lachey makes rare comment on Jessica Simpson marriage, says he still has ‘scars’ (nuna)
Courteney Cox reveals boyfriend dumped her during their first therapy sessionCourteney Cox reveals boyfriend dumped her during their first therapy session Nick Lachey admitted his divorce from…
Matty Healy threatens to ‘slap’ Azealia Banks ‘so hard’ over Charli XCX dig, immediately apologizes (nuna)
Taylor Swift cringes at Travis Kelce shouting ‘Viva Las Vegas’ at Patrick Mahomes Gala: lip readerTaylor Swift cringes at Travis Kelce shouting ‘Viva Las Vegas’ at Patrick…
Goo Goo Dolls singer hospitalized with pneumonia; band cancels concerts in South Africa (nuna)
Fox News Flash top entertainment and celebrity headlines are here. Goo Goo Dolls lead singer John Rzeznik was hospitalized with pneumonia and canceled a series of concerts…
End of content
No more pages to load