Bullet points of NWSL eliminates draft, grants unrestricted free agency to players
- The National Women's Soccer League (NWSL) and the NWSL Players Association have agreed to eliminate the draft and give free agency to all players.
- The new collective bargaining agreement (CBA) extends the current contract to 2030 and grants players more control over where they play.
- The CBA raises the league minimum salary from $48,500 in 2025 to $82,500 by 2030 and increases the base salary cap from $3.3 million to $5.1 million.
- Individual players will have no limit on pay, and teams will have discretion over how to allocate salaries.
- The CBA allows for the salary cap to increase in future seasons as part of the league's revenue-sharing model.
- The NWSL has seen a recent surge in attendance, viewership, and team valuations, with Disney CEO Bob Iger and journalist Willow Bay taking a controlling stake in Angel City FC for $250 million.
- The league has also inked a media deal worth $240 million over four years, 40 times higher than the prior agreement.
- The NWSL opted to renegotiate its CBA two years early to give future investors and partners more visibility into the future of the business model.
cnbc.com_2 / CNBC Business by Layer3.news
npub1a8…nw4tu
2024-08-22 19:28:44
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npub1a824tlx9pzc807ddhyy0h9mhqkfjj9j360z2a9kcmxsy6gcjhfaqxnw4tuPublished at
2024-08-22 19:28:44Event JSON
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