As the NWSL preseason rapidly approaches, the league's two incoming expansion teams announced key additions to their rosters over the last week as they pad out their inaugural squads.
On Tuesday, Denver Summit FC officially announced the signing of USYNT and CF Pachuca Femenil defender Ayo Oke for a reported $450,000 transfer fee — the most ever paid for an incoming US national.
The 22 year-old Cal and UCLA alum has been a mainstay in the USWNT youth pipeline since 2018, and became a Liga MX champion in her first-ever professional season last year.
"I'm excited to join Denver Summit FC and be part of building something new," said Oke in the club's announcement. "I'm ready to compete, grow, and help set the standard from day one."
Meanwhile on the East Coast, Boston Legacy FC has been more than keeping pace, bringing on Brazil national team defender Andressa "Kaká" Ferreira from top Brazilian side São Paulo, Colombian center back Jorelyn Carabalí from the WSL's Brighton & Hove Albion, Mexico international and former Club América left back Nicki Hernández, and Canada winger and NWSL free agent Bianca St-Georges — signing the quartet over the last six days.
With the NWSL expansion draft a thing of the past, Denver and Boston have been proactive in their acquisitions from the jump.
Denver has stocked up on NWSL veterans like Carson Pickett, Kaleigh Kurtz, Jordan Baggett, and first-ever signing Ally Watt — all of whom have earned at least one league championship — while Boston added reigning NWSL champ Ella Stevens while also targeting rising international stars like Brazil's Amanda Gutierres and Laís Araújo.
With the 2026 NWSL campaign looming, clubs only have a few weeks left to finalize their preseason rosters — with more than a few big-name free agents still in the mix.
NWSL commissioner Jessica Berman is defending the league's salary cap, addressing growing concerns about player retention this week — just days before soon-to-be free agent Trinity Rodman takes the San Jose pitch for Saturday's 2025 Championship match.
"We want Trinity in the NWSL, and we will fight for her," said Berman about the Washington Spirit star, responding to a report in The Athletic claiming that competing US top-flight outfit Gainbridge Super League has offered Rodman a contract surpassing the NWSL's current salary cap limitations.
"She is representative, or a proxy, of our broader point, which is that we want top players to play here, and we believe that we are already doing that and can continue to attract those players," Berman added.
The NWSL's hard salary cap approach has come under fire amid recent high-profile departures of US talents like now-Chelsea FC teammates Naomi Girma and Alyssa Thompson, but Berman insists that the mechanism remains crucial to the league's parity.
"There are teams in other leagues that could compete in our league, but there are no leagues that could compete with our league," she explained, emphasizing the unique position the NWSL holds in the global soccer landscape.
"Compensation is not the only thing that players consider when deciding where to play," she continued. "We look at a whole host of factors, on the basis of the conversations that we have with players from our league and from players around the world."
The NWSL also confirmed Berman's multi-year contract extension this week, with executive committee chair Carolyn Tisch Blodgett saying in a statement that "[Berman's] vision for sustainable growth, along with her ability to fuel enduring momentum, has positioned the league for long-term success."
Washington Spirit star Trinity Rodman is back in action, subbing into her team's 2025 NWSL semifinal win in Saturday's 90th minute as she continues to rehab a sprained MCL — with questions still remaining surrounding her future with the club.
"It felt amazing," she said afterwards. "If I get 30 seconds, or if I get 90 minutes, it feels great to be out there."
Rodman will hope for more involvement in next weekend's NWSL Championship game, taking the pitch for the Spirit in her final match under contact before becoming an unrestricted free agent.
The USWNT standout's extension negotiations have apparently made it all the way up to the NWSL commissioner, with Rodman garnering interest from multiple UK clubs willing to outspend the US league's salary cap restrictions.
The NWSL's most recent collective bargaining agreement sets each club's current salary cap at $3.3 million, which will titrate up to $5.1 million by 2030.
"Right now, my head's completely down. It's been so distracting being injured, and that's all I can really think about," Rodman said on Saturday, addressing the reports. "Once we get this championship, then I can start making decisions and figuring out what next year looks like for me."
With rumors swirling around Rodman and her future with the Spirit, NWSL commissioner Jessica Berman defended the salary cap this week, telling CBS Sports that the parity the cap fosters is "the reason our league is the most competitive league in the world."
As the 2025 NWSL season winds down, top players are on the move as teams across the league look to stock their rosters in order to either boost their postseason odds or hit the ground running in 2026.
Incoming expansion side Boston Legacy FC is stocking up their 2026 debut roster, adding 18-year-old phenom Chloe Ricketts to their midfield and Brazilian international Amanda Gutierres — a 2025 Ballon d'Or nominee and two-time Golden Boot winner in Brazil's top-flight league — to their front line last week.
Along with that offensive firepower, Boston is on track to gain one of the NWSL's top veteran goalkeepers, with ESPN reporting last week that NC Courage net-minder Casey Murphy — a longtime USWNT backup to legend Alyssa Naeher — inked a deal to join the Legacy as soon as she becomes an unrestricted free agent at the end of the 2025 season.
The NWSL newcomer isn't the only club making moves, however.
Angel City and Portland have also been busy, with the Thorns sending midfielder Hina Sugita to the LA club in exchange for defender MA Vignola and $600,000 in intra-league transfer funds last week.
While there's no deadline for finalizing 2026 free agent transactions, the 2025 NWSL trade window officially closes this Thursday, leaving playoff-hopeful teams scrambling to pad their rosters while other clubs shift to focus on the future.
The NWSL salary cap has become a hot topic in recent weeks, with big-name — and big-money — transfers like Angel City forward Alyssa Thompson's overseas move to Chelsea and North Carolina Courage striker Jaedyn Shaw's reportedly imminent trade to Gotham raising concerns about the league's financial edge.
While Shaw's reported league-record $1.25 million trade proves that US teams are willing to pay a premium for top talent, the disparity between flashy transfer fees and salary limitations could be holding the NWSL back.
"I know that in the NWSL there are ambitious clubs that want to be able to compete with the likes of a Chelsea, with the likes of a Barcelona," retired USWNT star Tobin Heath said on last week's episode of The RE—CAP Show. "These teams are capped out, they can't compete. They're going to lose their best players."
The league's most recent collective bargaining agreement sets each NWSL club's current salary cap at $3.3 million, which will titrate up to $5.1 million by 2030 while also adding potential revenue sharing options.
In 2024, the average league salary was $117,000. However, with 22- to 26-player rosters, teams often low-ball some athletes in order to afford to pay out for superstars.
Soft salary cap overseas lures soccer's top players
In comparison, the UK's WSL and second-tier WSL2 operate with soft caps, recently shifting to a framework that allows teams to spend up to 80% of their revenue plus a capped contribution from club owners on player salaries.
"We have no intent to kind of 'cap' any players' earnings," WSL Football COO Holly Murdoch told The Guardian earlier this month. "We're at the investment stage of women's football, so we don't want to deter investment. We don't want to put in rules that don't make us an attractive investment."
With NWSL top earners Sophia Wilson and Trinity Rodman becoming free agents in 2026, the US league might need to rethink its model to stay competitive in an increasingly aggressive global market.
Big-name NWSL stars could be on the move next season, with the league releasing its list of 2026 free agents on Tuesday.
Two of the USWNT's 2024 Olympic gold medal-winning Triple Espresso frontline — the Washington Spirit's Trinity Rodman and the Portland Thorns' Sophia Wilson — headline the 2026 slate.
Other NWSL standouts like Gotham FC forward Midge Purce, Kansas City Current midfielder Lo'eau LaBonta, and North Carolina Courage goalkeeper Casey Murphy are also eligible to negotiate new contracts — and potentially suit up for other clubs next year.
As per the players' most recent CBA with the league, all athletes whose contracts expire at the end of this season are now 2026 free agents, regardless of the number of years they've competed in the NWSL.
The 2026 free agency period officially began on Tuesday, opening the door for both teams and eligible players to initiate contract discussions and term negotiations for next season.
Even more, 2025 clubs face additional competition in the race to sign their most-wished for players, as new NWSL expansion teams Denver and Boston Legacy FC enter the free agency fray ahead of their 2026 season debuts.
Notably, landing on the free agent list doesn't prohibit a player from simply re-signing with their original club, but it does indicate that any previous deal negotiations have extended beyond the NWSL's July 1st contract extension deadline.