The NWSL dropped its updated 2025 Competition Manual on Tuesday, with the most significant changes impacting the upcoming season’s finances.

Each 22- to 26-player team’s salary cap has increased 20% from $2.75 million in 2024 to $3.3 million for the 2025 season. This does not include the league’s new revenue sharing system, which offers additional benefits to ultimately bring each club's total maximum roster spend to $3.5 million.

Salary cap exceptions will aid NWSL club accounts

With the newly negotiated CBA eliminating the waiver wire and trade windows as well as allowing all out-of-contract players to negotiate as free agents, teams can further supplement their salary cap with any remaining allocation money.

Additionally, to address absences due to injuries, mental health, parental leave, or national team call-ups, clubs can sign athletes to short-term roster relief or salary cap exempt contracts. So long as those deals extend no further than the end of the calendar year, teams will not have to account for those roster additions in their salary cap.

Bonuses will count toward a club's cap, though some will be delayed to a subsequent season.

Individual player performance bonuses will count toward the following season’s cap, regardless of whether or not the team retains that player. On the other hand, one-time boosts like signing bonuses are applicable to a club's current season salary cap.

Official tournament prize money as well as postseason and award bonuses funded directly by the NWSL will not count toward a team's salary cap.

Per the aforementioned new CBA, league-wide caps will continue to grow year-over-year to at least $5.1 million by 2030, with minimum base salaries rising from $48,500 in 2025 to $82,500 over that same timeframe.

In a global economy where record transfer fees and other benefits are luring top contenders away from the NWSL, salary caps will continue to constrain certain elements of the way US clubs do business — but the positive long-term changes ushered in by the NWSL CBA are sure to make their mark far beyond this offseason.

Chicago Sky forward Angel Reese is staying busy, announcing yet another high-profile partnership as she gears up to become the first-ever professional athlete to walk in the Victoria's Secret Fashion Show next week.

The WNBA star will take to the lingerie company's catwalk in New York on Tuesday, October 15th.

"Stepping into a dream: From Angel to a Victoria Secret ANGEL," Reese posted to Instagram on Thursday. "I'm finally getting my wings — I'll be walking the Victoria's Secret 2025 runway show for the first time, and it feels like destiny. Wings on, heels ready."

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Hitting the runway is just the latest entry on Reese's growing resume, with the 23-year-old most recently stepping in as the new face of Juicy Couture and launching a signature shoe with Reebok while becoming the cover star of the WNBA edition of NBA 2K26.

Even more, she'll soon make her feature film debut, playing herself in a cameo in the upcoming political thriller A House of Dynamite, which drops on Netflix on October 24th.

But first, Reese will make Victoria's Secret Fashion Show history.

"Angel Reese, welcome to the runway," Victoria's Secret wrote in a promotional post on Thursday. "The first professional athlete angel... major is an understatement."

How to watch Angel Reese in the Victoria's Secret Fashion Show

The 2025 Victoria's Secret Fashion Show will air live on at 7 PM ET on Tuesday, October 15th on Prime.

Two of women's soccer's biggest stars are teaming up, with retired USWNT icons Alex Morgan and Mia Hamm joining forces to launch The Goal Cup, a new celebrity charity soccer match benefitting both the Alex Morgan Foundation and the Mia Hamm Foundation.

Billed as "two star-studded teams...coming together to benefit [the two] foundations through a day of competition, entertainment, and community impact," The Goal Cup will see Hamm and Morgan captain the rival squads in an "LA vs. San Diego" showdown at USC Rawlinson Stadium in Los Angeles on January 17th, 2026.

The charity match will boost both Morgan's and Hamm's foundations — nonprofits that work to increase opportunities and access for women and girls in sports, among other core tenets.

"The Goal Cup is about celebrating the game we love while creating real impact for girls and women," Morgan said in a statement. "I'm proud to team up with Mia, to launch the SoCal rivalry, and ensure soccer continues to be a force for good beyond the field."

How to attend Hamm and Morgan's The Goal Cup

Pre-sale access to the January 17th charity match opens at 1 PM ET on Tuesday before tickets become available to the general public on Wednesday.

Fans can sign up for early access and pricing at The Goal Cup.

World No. 1 Aryna Sabalenka is back like she never left, following up her brief post-US Open championship recovery break and booking a spot in the 2025 Wuhan Open semifinals by blowing past the tournament's competition with a straight-set victory over No. 9 Elena Rybakina on Friday morning.

With the last three Wuhan Open titles under her belt — 2018, 2019, and 2024 — Sabalenka extended her career tournament record to 20-0 on Friday, as she gears up to take on US star No. 6 Jessica Pegula in the semifinals early Saturday morning.

"Honestly, that's just crazy," Sabalenka said of her success at the WTA 1000 event. "I feel a really great connection with the Chinese fans, I guess. I feel like at home playing in this stadium."

Sabalenka and Pegula aren't the only big names advancing this week, as No. 3 Coco Gauff cruised past unseeded Laura Siegemund 6-3, 6-0 to book her own semifinal appearance on Friday.

While the US star had little trouble dispelling her quarterfinals opponent, Polish phenom No. 2 Iga Świątek wasn't so lucky, falling to Italy's No. 8 Jasmine Paolini 6-1, 6-2 to set up a tight Saturday semifinals clash between Gauff and Paolini.

Sabalenka and Pegula's semi could also go the distance — Pegula is coming off six straight three-set matches dating back to the 2025 China Open, emerging victorious from five of them.

How to watch the 2025 Wuhan Open semifinals

Gauff and Paolini will kick off the 2025 Wuhan Open semifinals at 5 AM ET on Saturday, with Sabalenka taking on Pegula shortly after the first match.

The semifinal winners will then battle for the championship trophy on Sunday.

Live coverage of the semifinals and final will air on the Tennis Channel.

As No. 7 Racing Louisville zeroes in on a franchise-first berth to the NWSL Playoffs, the 2021 expansion team locked down a big part of their future on Thursday when they signed USWNT forward Emma Sears to a new contract through 2028.

"I'm so proud to be continuing my career with Racing Louisville FC — a club and city that have truly become home for me," Sears said in Thursday's team statement. "We've built something special here."

Drafted out of Ohio State by Louisville in 2024, Sears claimed the club's rookie scoring record with five goals last season before setting a new single-season scoring record for Racing this year, with the 24-year-old registering 10 goals so far in 2025.

"In her two years here in Louisville, Emma has quickly become a foundational player for this club, and she's only scratching the surface of her potential," said Racing GM Caitlyn Flores Milby.

With their star secured, Louisville's full focus is on climbing further above the postseason cutoff line, with Racing aiming to keep their current momentum going against the No. 14 Chicago Stars on Friday night.

Entering the weekend on a two-match winning streak, Louisville holds the edge over Chicago and the Stars' four-game winless run.

Even more, every point helps the narrow race to the 2025 NWSL Playoffs, as only four points separate Nos. 3 through 8 in the NWSL standings — with all but two postseason tickets still on the table.

How to watch Racing Louisville vs. the Chicago Stars on Friday

No. 7 Louisville will host No. 14 Chicago at 7:30 PM ET on Friday, with live coverage streaming on NWSL+.