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Why Jewell Loyd backs a crypto future for the WNBA

(Joshua Huston/NBAE via Getty Images)

When Coinbase became the official crypto platform of the WNBA last October, most teams and athletes had a lot to learn about the company’s products and services. Coinbase partnered with the WNBA Players Association to provide draft invitees with financial training and open accounts for all 144 players in an effort to bring crypto to the fingertips of women and fans across the country.

For Jewell Loyd, the landscape wasn’t new. The Seattle Storm guard and four-time WNBA All-Star has been active in the crypto economy for years.

“Investments in other things like real estate along with crypto is something I’ve been doing since around 2013 with my brother,” Loyd said.

Loyd is not your typical 28-year-old investor. While growing up in Illinois, Loyd learned about the stock market from her grandfather and other mentors, and she received a crash course on the economy through a program at her middle school.

“They taught us how to apply for jobs, how to pay taxes, what taxes are. You even had to pay for your desk. Everything you would have to pay for in real life, you had to pay for in school,” she recalled.

“They were teaching us how to save money. You could pick up two or three jobs, just to see how real-life works. At the end of the year, you would say ‘How come I only have 20 bucks? How come this person had a dollar? How come this person has $500?’ They basically broke things down, what it means to make a dollar and how to invest.”

At Niles West High School, where Loyd scored over 3,000 points as a four-year starter on the basketball team, she also took investment classes. She and a partner would be tasked with checking the market online, trading stocks and explaining their investment choices to the class.

“It was engraved in us in school,” she said.

So, when Coinbase signed on as a partner of the WNBA in 2021, Loyd jumped at the opportunity to be an ambassador and take part of her salary in crypto.

While Loyd is at the forefront of using her platform to set an example in crypto investing, fans may be yearning to learn more about the service from more of their favorite WNBA superstars.

A peer-to-peer financial system, crypto allows individuals to exchange funds directly through the internet, loosening many of the restrictions of traditional finance and banking systems. Now you can buy, sell, trade and stake your assets with just a few clicks.

Loyd, who plays both overseas and in the U.S. like many WNBA players, is a fan of the financial freedom crypto offers her.

“If I go into a bank, I want to open an account, and there’s all this paperwork and stuff to do. And then if you take this specific money out, you get fined. What? It’s my money,” Loyd said. “Now, I go on Coinbase, I get my money out. It shouldn’t be that complicated to get your money. You have so many loopholes with certain banks. In my mind, that doesn’t make sense.

“It’s freedom, understanding and probably a little bit of love. I feel I get all three of those things using crypto.”

Loyd feels fortunate that she had a background in investing when she entered the WNBA in 2015 as Seattle’s first overall draft pick. She remembers sitting through a meeting on draft day, when a league rep walked the players through their retirement funds but didn’t spend much time teaching them how to invest.

She’s sensed a different mentality in the year since the WNBA partnered with Coinbase, as more players take initiative with their long-term financial strategy. Loyd’s former Storm teammate, Sue Bird, has been one of the leading voices of other products and services crypto has to offer. Through Coinbase, investors can not only buy and sell cryptocurrencies, but they can also exchange NFTs and store crypto in their own personal wallets, among other things.

“I think with this last year,” Loyd said, “people are trying to learn and understand this since this is the way things are going and people don’t want to be passed by.”

“We think the future of money is here with crypto,” said Jessica Williams, Coinbase’s Director of Brand Partnerships & Experiential. “Coinbase will continue to focus on our suite of products and platform, which are all tools that currently over 100M people use daily to buy, sell and manage crypto.”

Loyd has found confidence in crypto through experience. She’s hopeful that even more WNBA players will get there, too, now that the league and teams like Seattle are offering educational programs and tools to participate.

“As you’re investing, you’re also learning,” she said. “Being educated in what you’re investing in helps a lot and I want to see more, whether it’s the rookies coming in and getting a quick Coinbase lesson from the start. As rookies, we only learned about the investments of retirement.”

In recent months, the rapid rise of cryptocurrency has led to economic volatility and skepticism among the public. Loyd doesn’t see this as an issue, but rather a chance for her to help usher in a new financial tool and leave a permanent mark on the global market.

“I think a lot of people, especially women, are nervous about it. They don’t know what it is,” Loyd said. “For me, I’ve gone into meetings and people ask, ‘Oh, you know about crypto?’ Yeah, I’m a woman and an athlete and I know about crypto. It’s a cool thing for women to understand what it is, to sit in these seats in sports leagues and have another edge to them. Not just, ‘I’m here because they put me here,’ but ‘I can talk the language and know what’s going on.’”

For Loyd, whose own financial background is rooted in family and community, crypto is about more than monetary gains. It’s also a source of equality and other values she believes in at her core.

“Coinbase is meant for everybody. It’s hard to find something in the world that’s for everybody,” Loyd said. “Having the ability to teach this, to help people understand this, you are educating them, but also giving them something they can use for the rest of their lives. That’s impactful to me. This world isn’t equal, but this allows money, understanding and finances to be equal.”

Daniel Newton is a contributing writer at Just Women’s Sports.

USC’s McKenzie Forbes: From Gap Year to the NCAA Tournament

As part of our 1-v-1 video series, USC’s India Otto sat down to interview her teammate McKenzie Forbes. 

Here are five things to know from our conversation with the graduate transfer from Folsom, California.

#1 Inspired by USC’s Head Coach, Lindsay Gottlieb, McKenzie wants to be a basketball coach or work in the front office in the future.

When weighing in on what makes a good coach, McKenzie said x’s and o’s are important but “Coaching is a lot of relationship managing and people managing. I think you have to be a good people person and be able to build those relationships, but also in that same breath, you can’t be afraid to have people dislike you in moments. I think that’s a big part of leadership.”

#2 McKenzie says the trajectory of her career changed when she made the decision to transfer from Cal to Harvard.

 In order to transfer, she was forced to take a gap year and spend a lot of time in the gym. “I completely transformed my body and, going into the Harvard season, felt like I was a completely different player. Going to Harvard and playing in a more mid-major conference, I had the ball in my hands a lot more than I might have if I transferred to another Power 5. It really developed other parts of my game.”

#3 How does McKenzie think USC will do in the Women’s College Basketball Tournament?

“I’m not going to give a typical interview answer. I want a Final Four. We have that potential and capability. Like why not? Why not us? I think we have all the pieces.”

#4 Her older brother, Marcus, was her biggest mentor growing up.

“He was basically my trainer from Elementary school on until he went to college.”

#5 Fun facts about Forbes:

She can juggle and she was the quarterback of her Pop Warner football team. “I was slow but I could throw it!”

Watch the full conversation on the Just Women’s Sports YouTube channel.

Christen Press back training with Angel City FC

LOS ANGELES, CALIFORNIA - OCTOBER 15: Christen Press #23 of Angel City FC waves to fans following a game between the Portland Thorns and Angel City FC at BMO Stadium on October 15, 2023 in Los Angeles, California. (Photo by Katharine Lotze/Getty Images)

Christen Press continues to inch her way back to a return, having returned to training with her club team Angel City. 

Angel City FC coach Becki Tweed said on Wednesday that Press is back with the team full-time as she continues to make her way back from an ACL injury. While she’s still working on rehab, her being back with the team gives staff a better picture of her progress. 

"Christen [Press] is back with us full time which is amazing,” she said. “Having her in and around the team every day, continuing to work hard on rehab ... she's in a space where being in with the team is really important to her and her progression as well.”

The status update comes days after Press posted videos to social media that featured her doing lateral movement in cleats on grass. 

“Look out world she’s on the move !” Press captioned it. 

Press has been sidelined with an ACL injury since 2022, which caused her to miss the 2023 World Cup. She’s since had four separate surgeries to help repair her ACL.

Press told The Athletic a month ago that she’s been “relentless” in her optimism with her recovery despite it being a “slow process.”

“I have a bit of relentless optimism,” she told The Athletic. “I never, ever doubted that I would make it back on any of the timelines I’ve been on."

"Every single time I’ve heard, ‘You have to have surgery,’ I’m completely shocked,” she said. “When somebody asks me how it’s going, I’m like, ‘It’s going great. And it was going great every time. So I don’t know what to tell you anymore!’”

Sophia Smith re-signs with Portland on record deal

(Troy Wayrynen-USA TODAY Sports)

Sophia Smith is now the NWSL’s highest-paid player. 

The Portland Thorns announced on Wednesday that they have signed Smith to a new contract through the 2025 season, with an option for 2026. While the terms of the deal were not disclosed, the team did reveal that Smith is now the highest-paid player in the league on an annual basis.

It’s the latest in what has been a series of record-breaking contracts in the NWSL offseason. 

Chicago Red Stars forward Mallory Swanson, Bay FC forward Racheal Kundananji, and Orlando Pride forward Barbra Banda all signed multi-year deals worth between $2 million and $2.5 million in total. While Smith’s contract is shorter and not worth as much over the long-term, the annual worth is higher. 

“We are over the moon to have Soph commit again to the Thorns. She is a proven, world-class talent and one that we are excited to have contribute to the team’s continued success,” said head coach Mike Norris in a statement. “We look forward to working with her in a Thorns jersey as she continues to shine as one of the top strikers in the world.”

In just four seasons in the NWSL, Smith has led the Thorns to five trophies – including the 2022 NWSL championship – while winning league and championship MVP in 2022. In 61 appearances with Portland, she has 34 goals – including a brace to start this season against Kansas City. 

She’s also a member of the USWNT, having scored 16 goals in 44 international appearances.  Set to become a free agent at the end of this season, she told ESPN she “thought of all the options” but ultimately Portland felt like the right decision.

"There is no place like Portland," Smith said in a small roundtable interview that included ESPN. "I don't believe there's an environment like Portland to play in and it's a city that's so special to me and a city that I feel like I've grown up in almost and become who I am."

She also told ESPN that the team’s new ownership “changes everything.” The club is now led by the Bhathal family, who bought the club after Merritt Paulson was forced to sell it following his part in the NWSL’s abuse scandal. 

"Since I've been here there has been a lot of things going on with this club -- a lot of not-great things going on with this club -- and I have just been waiting for some stability and some reassurance that this club is headed in the right direction, and the Bhathal family coming in is doing exactly that, if not more,” Smith said. 

"Their vision for this club is so exciting, and you can just tell how passionate they are about making this what it should be and continuing to push the standard in women's soccer globally.”

Caitlin Clark offered $5 million to compete in Ice Cube’s league

IOWA CITY, IOWA- MARCH 25: Guard Caitlin Clark #22 of the Iowa Hawkeyes celebrates as time runs out in the second half against the West Virginia Mountaineers during their second round match-up in the 2024 NCAA Division 1 Women's Basketball Championship at Carver-Hawkeye Arena on March 25, 2024 in Iowa City, Iowa. (Photo by Matthew Holst/Getty Images)

Caitlin Clark has been offered $5 million to play in Ice Cube's Big3 league, he confirmed on social media Wednesday after the offer leaked.

"We intended the offer to remain private while Caitlin Clark plays for the championship," Ice Cube wrote on social media. "But I won't deny what's now already out there: BIG3 made a historic offer to Caitlin Clark. Why wouldn't we? Caitlin is a generational athlete who can achieve tremendous success in the BIG3."

While there has yet to be a women's player in the league, both Nancy Lieberman and Lisa Leslie have been part of the league as coaches and won championships.

"The skeptics laughed when we made Nancy Lieberman the first female coach of a men's pro team, and she won the championship in her first year," Ice Cube continued. "Then Lisa Leslie won it all in year two. With our offer, Caitlin Clark can make history and break down even more barriers for women athletes."

Ice Cube, whose name is O’Shea Jackson, says that the offer was made with the intention that Clark be able to compete in the WNBA “offseason.” Clark is largely expected to be the No. 1 overall pick in the WNBA draft in April. But it’s unclear how the scheduling of the two leagues would work. 

The 2024 Big3 season is set to tip off on June 15, with 10 games spanning through mid-August. The WNBA regular season, meanwhile, begins on May 14 and ends on Sept. 19.

On “The Pat McAfee Show” on Wednesday, Jackson said that the league has yet to hear back from Clark. 

“We just need an answer, as soon as they are ready to give it to us,” he said. “It’s always 50-50 till we get a no. At the end of the day, it’s a generous offer.”

The offer – as well as the confusion on Jackson’s part about the timing of the WNBA season – caused some current WNBA players to react. 

"It's funny cause I be seeing his son at W games.. they don't talk?" wrote former No. 1 pick Rhyne Howard

"So no other women's basketball player has came to mind in the last 7 years?" wrote Lexie Brown, adding that she'd support if Ice Cube wanted to build a women's iteration of the league. She later discussed it on the Gils Arena Show, noting that his reasoning of wanting to “uplift and support WNBA players and women athletes” is a “cop out.”

Kalani Brown, meanwhile, told Clark to "take that money" and start a women's Big3.

WNBA salaries has been a talking point in recent months as more collegiate stars declare for the league. WNBA stars have often made more money playing abroad than they have in the WNBA. Clark is expected to be the No. 1 pick in the WNBA draft on April 15, with a rookie salary of $76,535 for lottery draft picks (Nos. 1-4) that rises to $97,582 by her fourth season. But she also has an NIL valuation of almost $3.5 million.

Diana Taurasi famously skipped the 2015 WNBA season at the request of her Russian club, who paid her more to sit out than she would have made in the W. Her contract with the club was reportedly near $1.5 million per year.

Jackson also seemed to suggest that his league could be an alternative to going abroad

“America’s women athletes should not be forced to spend their off seasons playing in often dismal and dubious foreign countries just to make ends meet,” he wrote. Although it’s unclear whether or not the rapper intends to make offers to additional WNBA players. 

While the league does hold prioritization rules in its CBA, those typically apply only to players playing in overseas leagues. It’s unclear whether or not that would prevent Clark’s participation in the Big3 league.

WNBA players that don’t want to go overseas currently have the option of playing in Athletes Unlimited, which competes in the WNBA offseason.

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