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PHF sale: Unpacking what just happened in women’s hockey

(Sarah Stier/Getty Images)

Professional women’s hockey players received seismic news Thursday night. At 8 pm ET, players and staff from both the Premier Hockey Federation (PHF) and Professional Women’s Hockey Players Association (PWHPA) gathered on separate conference calls.

The PHF players – who were addressed by commissioner Reagan Carey followed by their respective ownership groups – learned that assets of their league had been acquired by the Mark Walter Group ahead of the launch of a new professional women’s hockey league in January 2024. The PHF will cease operations.

Members of the PWHPA learned about the PHF sale at the same time. But their call had an additional purpose. After spending the last five-plus months negotiating with their new owners about a collective bargaining agreement, the PWHPA’s bargaining committee proposed the final agreement to members of the association. Following a 72-hour voting window, that CBA was unanimously approved on Sunday night.

The fact that these two things – the sale of the PHF, followed by the confirmation of a new league with a CBA negotiated by PWHPA players – happened nearly simultaneously resulted in confusion, with some fans placing blame on PWHPA players for the demise of the PHF.

“(The PHF purchase) is very, very much a separate transaction and people are confusing the two,” Dodgers president Stan Kasten, who will serve as a member of the new league’s board, told Just Women’s Sports.

While Thursday night’s news provides some clarity for the future of women’s pro hockey in North America – a single league featuring the best players – there has also been plenty of confusion, especially for PHF players whose contracts are now void.

Just Women’s Sports spoke to leaders and players from the PHF over the weekend about what happened and what it means for the future of women’s hockey in North America. Here’s what we learned.

What does this news mean for PHF players in the near future?

According to a PHF signing tracker maintained by Melissa Burgess of the Victory Press, 121 players had signed contracts for the 2023-24 PHF season as of June 28. With the league shutting down in the wake of the sale, those contracts are now void.

For goaltender Kassidy Sauvé, the news of the PHF sale came as a shock. After signing with the Boston Pride in June, she was browsing the internet Thursday morning and designing some black and gold goalie pads that would look good with her new team’s uniform.

Hours later, she learned that the Boston Pride were no more.

“It’s been a tough couple of days,” Sauvé told Just Women’s Sports. “It’s hard when your future changes in the blink of an eye.”

Sauvé counts herself lucky that she hadn’t yet signed a lease in Boston, but she knows some of her PHF teammates and opponents already made big life choices based on the contracts they had signed and the salaries they expected to receive.

“There’s a lot of girls who bought houses or started renting where they were going to play. It’s not just the fact that it happened, but the fact that it happened after people were signing contracts that made it difficult,” she said.

A “Frequently Asked Questions” document was distributed to players and staff, and reviewed by Just Women’s Sports, outlining what players can expect from the league. Here are a few of the highlights.

  • Players enrolled in the PHF health program will receive insurance benefits through September 30, 2023.
  • Players who sign separation agreements will receive 1/12 of their contract for the 2023-24 season or $5,000, whichever is higher.
  • Players who don’t compete in another professional league during the coming season are eligible to receive an additional payout (minimum of $10,000). This will come from a $1,000,000 pool divided among players.
  • Players who were competing in the PHF on visas can receive support to modify their visa.
  • Players who competed in either of the last two PHF seasons will be eligible to receive “a small distribution” from the player equity incentive program. According to PHF owner John Boynton, players will divide two percent of the proceeds from the sale of the league (minus lawyer and transaction fees).
  • Coverage of ongoing workers’ compensation claims – typically used to cover injuries sustained in practice or games – will continue.

It should be noted that these benefits do not apply to players who played in the league for the 2022-23 season but had not yet signed for the upcoming season.

“Technically (those players) have no relationship with the league, they’re not employed,” Boynton said, though he noted that players in that group would be eligible for a share of the equity incentive program.

Many PHF players likely will compete in the new league. And while current PWHPA members are the ones who negotiated and voted on the CBA, former PHF members will be eligible to join the PWHLPA union.

Despite her initial shock, Sauvé said she’s trying to feel hopeful about what’s to come.

“This has been something we’ve wanted for a long time – for everyone to just be on the same page,” she said. “I think, down the road, it will be incredibly beneficial for women’s hockey as a whole.”

What is PHF leadership saying?

PHF leadership presented the sale as good news. In a letter to players and staff, reviewed by Just Women’s Sports, PHF commissioner Reagan Carey called the news “a collective, well-earned victory for each of you who has contributed to the ongoing evolution of the women’s professional game.”

The PHF has previously been criticized for overpromising and underdelivering, one of the reasons many PWHPA players were wary of joining the league. In the same letter after the sale, Carey cited the league’s accomplishments, including setting “the highest salary cap in all of women’s sports.”

But that detail comes with several major caveats. While the PHF announced a salary cap of $1.5 million for the 2023-24 season – technically more than the WNBA’s $1,420,500 cap or the NWSL’s $1,375,000 cap (not factoring in allocation money) – those PHF salaries are not being paid out.

Asked about this discrepancy, Carey defended her reference to the salary cap figure.

“We announced it, we committed to it, we signed contracts for it. And this league, if this deal was not done, would have continued to operate and continued to build on the momentum we had and that number wouldn’t have changed,” she told Just Women’s Sports.

While the sale caught players, fans, and media off guard, Carey said the deal was in the works for a long time.

“It’s not something that came as a surprise, nor was it expedited or rushed in any way. It’s been an evolving conversation that just led to the opportunity to bring these worlds together.”

Carey added: “Perhaps it’s more of a surprise because most attempts to do that (unify women’s hockey leagues) have fallen short in the past.”

As for the timing of the sale, Boynton – whose ownership group oversaw four of seven teams – said they aimed to have the deal done in February or March before players started signing contracts for the new season.

“If there’s one thing I could have changed about this thing, it would be the timing,” he said. “In a situation like this where we’re having these discussions, you can never know whether it’s going to work out or not. So we had to continue to operate the league in preparation for a full season next year.”

2025 NWSL Championship Shatters Records with Viewership Topping 1 Million

General view of San Jose's PayPal Park shortly before kickoff at the 2025 NWSL Championship match.
Average viewership for the 2025 NWSL Championship match exceeded 1.18 million fans. (Kelley L Cox/NWSL via Getty Images)

The 2025 NWSL Championship claimed a major viewership milestone on Saturday, as Gotham FC's 1-0 title win over the Washington Spirit became the first-ever league match to record an average of more than one million viewers.

The CBS evening broadcast averaged an impressive 1.184 million fans and peaked at 1.55 million viewers, making it the most-watched NWSL match of all time.

The 2025 final marked a 22% viewership increase over the 967,900 fans who watched 2024's Orlando Pride victory — the previous NWSL viewership record-holder — and a 45% ratings gain over Gotham's 2023 championship win, which averaged 816,800 viewers.

Saturday's gains both matched the 22% viewership increase the NWSL regular season saw this year and also far exceeded the 2025 postseason's pre-final year-over-year increase of 5%.

Calling the one-million viewer mark "an extraordinary achievement" in Tuesday's league statement, NWSL commissioner Jessica Berman also noted that the "record-setting audience demonstrates the deepening connection fans have with our players, our clubs, and the world-class competition on the field, and it underscores the growing demand for women's soccer on the biggest stages."

"We're incredibly proud of what this moment represents for the NWSL and for everyone who continues to invest in and believe in the future of our game," Berman added.

More WNBA Stars Sign with Project B Days Before Extended CBA Deadline Expires

Indiana Fever guard Kelsey Mitchell looks on during a 2025 WNBA game.
Indiana Fever guard Kelsey Mitchell is one of the most recent WNBA stars to join offseason upstart Project B. (Daniel Bartel/Getty Images)

Incoming offseason league Project B scored more major WNBA signings this week, as the upstart venture continues stacking its roster ahead of a planned November 2026 launch.

Indiana Fever guards Kelsey Mitchell and Sophie Cunningham have both publicly signed on with Project B, joining already announced talent like Seattle Storm star Nneka Ogwumike and Phoenix Mercury forward Alyssa Thomas, New York Liberty center Jonquel Jones, and Las Vegas Aces guard Jewell Loyd.

Also inking deals to join the inaugural season of Project B are Chicago Sky center Kamilla Cardoso, Golden State Valkyries forward Janelle Salaün, and Li Meng, a former Washington Mystics guard and current player in the Women's Chinese Basketball Association.

The multi-continent, Formula One-style traveling tournament circuit will ultimately sign 66 international stars, as Project B looks to field six 11-player teams in its debut 2026/2027 campaign.

Project B player signings will undoubtedly impact other offseason leagues like Unrivaled and Athletes Unlimited, but the new venture is also looming large over the ongoing WNBA CBA talks.

With negotiations racing toward this Sunday's extended deadline, Project B is putting WNBA compensation offerings under increased pressure, as the new league is reportedly anteing up multimillion-dollar salaries to its signees — far exceeding the 2025 WNBA maximum as well as the $1.1 million-max currently on the negotiating table.

Spain Shoots for 2nd Straight Nations League Title in 2025 Final vs. Germany

Spain players run toward attacker Alexia Putellas to celebrate her goal during the 2025 Nations League semifinals.
Spain will take on Germany in the first leg of the 2025 Nations League final on Friday. (Linnea Rheborg - UEFA/UEFA via Getty Images)

World No. 1 Spain will take aim at a second-straight UEFA Nations League title this week, as La Roja take on No. 5 Germany in the first leg of the 2025 tournament's final at 2:30 PM ET on Friday.

The defending Nations League champions booked their spot in the 2025 final by dismantling No. 3 Sweden 5-0 on aggregate in the semifinal round, while Germany advanced after a tense 3-2 aggregate win over No. 6 France.

Germany must also contend with availability issues during Friday's match, as 28-year-old Bayern Munich forward and senior national team leading scorer Lea Schüller will be out due to family reasons.

To overcome that disadvantage, German head coach Christian Wück is reinforcing the team's back line, adding Athletic Bilbao defender Bibi Schulze Solano to the roster on Wednesday.

Also aiming to shut down Spain's offensive firepower on Friday is new NWSL champion goalkeeper Ann-Katrin Berger, who joined her German compatriots late following Gotham FC's title celebrations in New York this week.

While Spain and Germany will contend for the 2025 Nations League trophy this week, the pair — along with ousted semifinalists Sweden and France — have already booked spots in the top group of teams battling for tickets to the 2027 World Cup, with UEFA qualifying set to begin in 2026.

Iowa Basketball Keeps Delivering in Post-Caitlin Clark Era

Iowa guard Journey Houston takes a selfie with fans after a 2025/26 NCAA basketball game.
The No. 11 Iowa Hawkeyes have already scored a Top-25 win in the early 2025/26 NCAA basketball season. (Matthew Holst/Getty Images)

A full 19 months removed from their back-to-back Final Four runs, No. 11 Iowa basketball refuses to go away, with the Hawkeyes already notching one Top-25 win in the young 2025/26 NCAA campaign so far.

The still-unbeaten Hawkeyes took down No. 15 Baylor 57-52 last Thursday, with Iowa starting post players Hannah Stuelke and Ava Heiden combining for 28 points while guard Taylor Stremlow added another 12 off the bench in the marquee win.

"We have nice pieces," said Iowa head coach Jan Jensen this week. "But it's knowing when to play which pieces and with whom, and we're six games in."

The Hawkeyes have been finding their new identity under Jensen after a transformative period saw Iowa's longtime head coach Lisa Bluder retire while superstar guard Caitlin Clark joined the WNBA.

"Jan's been amazing," Stuelke told JWS at the Big Ten Media Day in October. "She stepped up like she needed to, and she's been growing every day since she's been the head coach, which it's really cool to see she cares. And it's a great environment for all of us."

"I have a year under my belt," Jensen echoed. "I know what this chair feels like now, and I have a little better of understanding of what that first road trip feels like, what that first big win feels like, or the tough loss feels like."

How to watch Iowa basketball in the 2025/26 NCAA season

Though there are a few lopsided matchups on the Hawkeyes' more immediate schedule, Iowa's season heats up with a ranked rivalry matchup against No. 10 Iowa State on Wednesday, December 10th.

The state rivals will tip off at 7 PM ET, with live coverage airing on ESPN.