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PHF announces historic $25 million investment in players

The Boston Pride and Toronto Six meet in the semifinals of the 2021 Isobel Cup playoffs in March. (Michelle Jay/NWHL)

The Premier Hockey Federation’s Board of Governors has committed over $25 million in direct payments and benefits to its players over the next three years, the league announced Tuesday. As a result, the PHF’s salary cap will increase by 150 percent next season, from $300,000 to $750,000.

The pledge represents the largest one-time independent investment in the history of professional women’s hockey.

“The PHF has been steadfast in its vision to grow the game under a new era that truly provides leading opportunities for athletes in the sport who deserve to be treated as professionals,” said PHF Commissioner Tyler Tumminia. “This amazing investment by ownership reaffirms the strength of their commitment to being difference-makers who advance the professional game so that our athletes can thrive as role models who continue to inspire the next generation.”

The investment includes direct cash to players, full healthcare benefits provided by the clubs and equity in the teams, beginning with a $7.5 million pledge for the 2022-23 season. The PHF also aims to support its athletes through league expansion, facility upgrades, new equipment and more ice time through an increase in practices and an expanded 28-game schedule.

In addition to the salary cap increase, players will have 10 percent equity in each member team. The contributions will aggregate in an investment pool owned by the players, allowing them to share in the league’s financial success. Players will also be able to profit off of their own image and likeness.

The league will also aim to expand teams, beginning with a seventh team in Montreal.

“On behalf of the Board of Governors we are proud to play a part in bringing women’s sports to the next level by investing in the PHF,” said John Boynton, Chairman of the Board of Governors. “We see the PHF as a platform to address the inequities that women athletes face. We also believe in the sustainability of our developing business model and embrace our responsibility to build a platform that grows this dynamic league to historic heights.”

The PHF has undergone major changes over the last 18 months, including a rebrand and a transition from a single-entity structure to a joint venture model. As a result, all six member clubs are now owned and operated by private ownership groups.

The league has also expanded its broadcast and corporate partnerships, most notably signing an agreement with ESPN+ in October that made all PHF games available to stream in the United States.

Earlier this month, the players’ association announced the hire of Alex Sinatra as executive director.

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 Is Set to Expire

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."

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.