WNBA Salaries: History, Current Standings, and Future Predictions
A Look Back at Salary Trends in the WNBA
The Women's National Basketball Association (WNBA) is a professional women's basketball league in the United States. It was founded in 1997 as the women's counterpart to the National Basketball Association (NBA). The league currently consists of 12 teams, playing in three conferences. The average WNBA salary has steadily increased over the years, as the league has gained popularity and visibility.
Current Salary Structure
The average WNBA salary for the 2022 season was $102,751, according to NBC Connecticut. There are only 14 players making $200,000 or more. The minimum salary for WNBA players is currently $60,000, while the maximum salary is $228,094. Other top players, those designated as "core players," can earn between $200,000 and $300,000.
Salary Cap and Luxury Tax
The WNBA has a salary cap, which is currently set at $1.53 million per team. Teams that exceed the salary cap are subject to a luxury tax. The luxury tax rate is 50% of the amount by which the team's salary exceeds the cap.
Salary Projections for 2024
The WNBA's collective bargaining agreement (CBA) expires in 2023. The CBA will determine the minimum salary, maximum salary, and salary cap for the 2024 season. The average WNBA salary is expected to increase in 2024, as the league continues to grow in popularity and revenue.
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