Newly formed offseason league Project B is stocking up, with Phoenix Mercury star forward Alyssa Thomas becoming the second big-name WNBA player to sign with the overseas venture ahead of its anticipated November 2026 debut.

Thomas follows Seattle Storm forward Nneka Ogwumike in joining Project B, a traveling tournament-style competition reportedly offering players significant pay raises into the seven- and even eight-figure echelon — as well as equity stakes in the league.

Thomas will still feature in the 2026 season of Unrivaled 3×3 Basketball this January, with the launch of Project B expected to conflict with Unrivaled's third season in 2027.

With salaries reportedly topping both Unrivaled and the WNBA, Project B's funding sources came into question after Ogwumike's announcement last week.

In February, The Financial Times named Saudi Arabia's Public Investment Fund as a league investor, though Project B co-founder Grady Burnett denied those claims to Front Office Sports last week.

However, the league is working with event partner Sela, a known subsidiary of the Saudi Public Investment Fund, though Burnett was quick to qualify that "Sela is one event partner that we pay money to. We do not have any dollars coming from them."

With the first season of Project B set to field 66 players, expect more high-profile signings to continue as the new venture adds to the increasingly crowded WNBA offseason space.

WNBPA president Nneka Ogwumike made waves on Wednesday, with the Seattle Storm star becoming the first player to join offseason league Project B — a new overseas pro women's basketball venture set to tip off in late 2026.

"There's so many different opportunities for players [outside of the WNBA] and that's always been the case," said Ogwumike. "This is just another one of those opportunities and I know that a lot of players are doing what they can to ensure that they can maximize on the short time that they have in their playing careers. This is my chance to be able to do that."

The Project B deal reportedly exceeds the 35-year-old forward's WNBA salary, with Ogwumike also receiving an equity stake in the fledgling league as part of her deal.

"It's not something that's usually offered to us, and by us, I mean women athletes," Ogwumike explained. "So for there to be an entry level of equity across the board was eye-catching. It's something that I stand for, obviously."

Headed by Skype cofounder Geoff Prentice and former Facebook executive Grady Burnett, Project B looks to field a total of 66 players across six teams.

The concept revolves around a Formula One-style event, with teams playing a traveling circuit of tournaments across multiple European and Asian cities before winners advance to compete for a world title.

Project B expects to run from November 2026 through April 2027, with all games streaming live.

"Basketball has never been just a game," said retired WNBA legend and early Project B investor Candace Parker. "It's culture, community, and connection. But for too long, players have carried the game without a real stake in its future. And women, especially, [are] asked to wait for change."

"Project B isn't waiting."