Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » WNBA players union decides to opt out of current collective bargaining agreement
    Share

    WNBA players union decides to opt out of current collective bargaining agreement

    userBy userOctober 21, 2024No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Jonquel Jones #35 of the New York Liberty celebrates with the 2024 WNBA Finals MVP trophy after defeating the Minnesota Lynx during Game Five of the 2024 WNBA Finals on October 20, 2024 in Brooklyn, New York. 

    David L. Nemec | National Basketball Association | Getty Images

    The WNBA players union has decided to opt out of the current collective bargaining agreement, two years before its expiration. The league and players union had the option to do so before Nov. 1.

    The early opt-out marks a crucial juncture for the league. The WNBA signed a historic 11-year media rights deal worth $200 million a year.

    The league had record attendance and viewership this year that culminated in the WNBA Finals that saw New York beat Minnesota in overtime on Sunday in a decisive fifth game.

    “This is a defining moment not just for the WNBA, but for all of us who believe in progress,” WNBPA President Nneka Ogwumike said Monday. “The world has evolved since 2020 and we cannot afford to stand still. If we stay in the current agreement, we fall behind. This is a new era and we are ready to lead transformational change.”

    The league has been skyrocketing, with 2024 marking a huge breakthrough after years of significant and sustained growth. ESPN had huge increases in ratings with viewership in the regular season going up 170%, according to the union.

    The current CBA will still cover the 2025 season so the two sides have a year to negotiate a new agreement.

    “With the historic 2024 WNBA season now in the books, we look forward to working together with the players and the WNBAPA on a new CBA that is fair for all and lays the foundation for growth and success for years to come,” WNBA Commissioner Cathy Engelbert said.

    Engelbert said at her state-of-the-league address before Game 1 of the Finals that with the new media rights deal in place and many more corporate partners the strength of the league is in a great spot. She also went on to say that the players have been getting a lot more marketing deals, making them into household names.

    The union said it was hoping for a new economic model that transforms the current system, which imposes arbitrary and restrictive caps on the value and benefits of players. The players want an equity-based model that grows and evolves with the league’s increased business success.

    Other areas that the union would like to see improved include: salaries, retirement benefits, better child care and family planning benefits.

    “This isn’t some sudden wake-up call. It’s the culmination of what we’ve been driving for over the last several seasons,” WNBPA vice president Kelsey Plum said. “We’ve played a key role in the league’s historic growth and now we’re breaking free from the current system to demand full transparency and an equitable stake in the business we’ve helped build.”



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHightower Announces Strategic Investment in NEPC
    Next Article Shadow of Ukraine war hangs over Putin’s BRICS summit in Russia By Reuters
    user
    • Website

    Related Posts

    Asia markets live: Stocks rise

    April 9, 2025

    Amazon delays first Kuiper satellite launch due to bad weather

    April 9, 2025

    Trump says he does not want to see U.S. Steel go to Japan

    April 9, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d