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WNBA free agency: How do salary cap and revenue sharing work?

The New York Liberty already have Sabrina Ionescu, but could they add Courtney Vandersloot? (Michael Reaves/Getty Images)

News of 2021 MVP Jonquel Jones being traded from the Connecticut Sun to the New York Liberty rocked the WNBA this week, not only because she’s a big-name talent but also because of the salary cap implications.

What will the addition of Jones mean for the Liberty — and their rumored pursuit of several top free agents, including Breanna Stewart and Courtney Vandersloot?

Jones’ estimated salary for the 2023 season is $211,150. That’s huge for the Liberty because, with the 2023 salary cap rising to $1,420,500, New York still has wiggle room. They can build around Jones and star point guard Sabrina Ionescu (who will make $86,701 in 2023) and still land at least one big-time free agent.

While Stewart is the name who instantly comes to mind, as she met with the Liberty in the 2022 offseason before re-signing with the Storm, Vandersloot and the team have expressed mutual interest, The Next’s Howard Megdal reported Tuesday. And with a bit of salary cap creativity, they could bring in both.

Free agents can’t begin negotiations until Jan. 21, and they can’t sign contracts until February 1. But here’s what WNBA fans need to know about player salaries and revenue sharing before free agency begins in earnest.

Player salaries

When a team adds up the annual salaries of all the players on its roster, that total can’t exceed the salary cap, which for 2023 is $1,420,500. That represents a 3% increase from last year, when the salary cap was $1,379,200.

Hardship exceptions exist, if rostered players will miss significant time due to injuries, illnesses or other reasons. Outside of those exceptions, though, the salary cap is nonnegotiable.

Teams also must meet a minimum total salary of $1,188,990. If a team does not reach the minimum, that team must make extra payouts to its players at the end of the season, with the WNBA Players Association deciding on the distribution of the money.

Each team can have up to 12 players on its roster at a time, meaning the total salary (up to $1,420,500) must be divided among those 12 players. Contracts can vary, with the highest possible salary in 2023 sitting at $234,936. Rookie contracts are valued between $69,770 and $86,701 depending on where the player was selected in the draft. Those numbers, like the salary cap and salary minimum, increase every season.

Revenue sharing

In 2020, the league and the players signed a collective bargaining agreement that allows players to make money on top of their salaries by taking home a share of the league revenue. Essentially, as the league increases in value, the players make more money.

The NBA has a similar structure. But the WNBAs’s version of revenue sharing has a major difference, one Las Vegas Aces star Kelsey Plum recently called out on “The Residency” podcast.

In the WNBA, the players receive 50% of the the league’s incremental revenue. In the NBA, players receive 50% of all revenue. That means WNBA players share in only the revenue earned above the league’s revenue target for that season. The revenue target goes up by 20% each season, but the actual numbers are unknown.

So the league needs to exceed its revenue goal for a season in order for players to reap the rewards.

‘Sports Are Fun!’ Rates the NWSL with Gotham FC’s Ryan Campbell

Cover image for Sports Are Fun! with Kelley O'Hara featuring the Washington Spirit.
'Sports Are Fun!' talks NWSL in the latest episode. (JWS)

Welcome to another episode of Sports Are Fun! presented by TurboTax.

Every week on Sports Are Fun!, co-hosts soccer legend Kelley O'Hara, sports journalist Greydy Diaz, and JWS intern BJ serve up their hottest takes on the biggest women's sports headlines.

This week, Sports Are Fun! talks all things NWSL with Gotham FC goalkeeper — and O'Hara's fellow Stanford alum — Ryan Campbell.

"We're five games in at this point and now I feel like things are starting to take shape — we can talk about them," O'Hara opens, referencing the start to the 2025 NWSL season. "I'm excited... the settling's happened, now we can get into season."

"So we're going to talk about what happened this weekend," she continues. "First on the list: Gotham FC. Thankfully we have our very own Gotham FC player in the house."

"I feel like what you're saying is like totally correct — the first three games, I think we scored not very much — a bit of a drought," says Campbell. "But, I mean, I practice with these girls every day. I know Ella Stevens can hit it upper-90, I know Esther's chipping me at practice. I know we have scoring power."

"We all had the sentiment and didn't really get discouraged and I don't think the staff was discouraged at all," she adds. "The resounding sentiment was, 'The rain's going to fall, like it's going to drop for us.' And I think you saw that against Angel City."

In addition to this weekend's NWSL action, Sports Are Fun! also tackles the WNBA Draft's viewership, the NCAA Gymnastics Championship, and so much more.

'Sports Are Fun!' reflects on former USWNT coach Vlatko Andonovski

Then, Sports Are Fun turned to coaching. The headline? Angel City bringing on new manager Alexander Straus from Germany's Bayern Munich.

What makes a good coach? What do players look for in a coach? O'Hara knows one thing — playing under USWNT coach Vlatko Andonovski wasn't exactly a learning experience.

"Hollywood's got a new hitman you guys," Campbell quips about Straus. "He has piercing blue eyes. They rival Leo DiCaprio."

"But can he coach a soccer team to a championship?" asks O'Hara.

"I've always wondered this," says BJ. "You played at the college level. You play now professionally, you played for the national team — how are you listening to a coach?"

"I think a good coach is going to go in and take a player as experienced as Christen Press, Sydney Leroux, and say, 'This is what I see. This is what I think you can bring to the team. This is how I'm going to utilize you in the system that I want to play,'" O'Hara answers.

"What is funny is — this is going to sound bad. I feel like I shouldn't say this. I don't feel like I learned anything new from Vlatko," she says, subsequently referencing the former USWNT coach. "And, actually, post-having him as a coach, I was like, 'Wow, is that on me? Did I stop learning or did he not coach me?"

"I had conversations with other other players about it. They were like, 'No, no, no, that was on him.' Because I feel like I was always open. I was like, 'I want to be coached, tell me how I can.' Because as a player, yes, you become the type of player you are, but you're never perfect."

Sports Are Fun! graphic featuring soccer legend Kelley O'Hara.
'Sports Are Fun!' places Kelley O'Hara at the intersection of women's sports and fun. (Just Women's Sports)

About 'Sports Are Fun!' with Kelley O'Hara

'Sports Are Fun!' is a show that’ll remind you why you fell in love with women's sports in the first place.

Join World Cup champ, Olympic gold medalist, and aspiring barista Kelley O'Hara as she sits down with sports journalist Greydy Diaz and a revolving cast of co-hosts and friends. Together, they're talking the biggest, funnest, and most need-to-know stories in the world of women’s sports.

From on-court drama to off-field shenanigans, to candid (and silly) chats with the most important personalities in the space, this show screams "Sports Are Fun!"

Subscribe to Just Women's Sports on YouTube to never miss an episode.

WPSL to Launch First-Ever 2nd Division U.S. Pro Women’s Soccer League

The new WPSL Pro league logo on a red-to-blue ombre gradient background.
The new WPSL Pro league is set to launch in 2026. (WPSL Pro Soccer)

The Women’s Premier Soccer League (WPSL) announced a plan to launch a Division II pro arm in 2026, providing a domestic stepping stone for players aspiring to top-flight leagues like the NWSL and USL Super League.

The same Cleveland ownership group that recently fell short of securing an NWSL expansion team is backing the venture, making good on their promise to bring professional women's soccer to Northeast Ohio.

The league will launch with a shortened season following the 2026 men's World Cup, before beginning its first full-fledged campaign in April 2027.

With 15 teams already confirmed, WPSL Pro intends to field clubs in an initial 16 to 20 markets.

Along with Cleveland, the inaugural WPSL Pro season will include teams in Austin, Atlanta, Dallas, Denver, Fargo, Houston, Oklahoma City, Sioux Falls, Wichita, and the Bay Area, among others. Each franchise will pay a $1 million fee to enter the league.

The WPSL has a history of fostering high-level amateur competition, currently housing over 100 clubs and boasting a roster of former players that includes USWNT icons Brandi Chastain, Alex Morgan, and Rose Lavelle. WPSL Pro, however, will become the US soccer pyramid's first-ever second-tier league.

"WPSL Pro is the bridge that's been missing — not just for players, but for the communities, investors, and brands ready to be part of the next chapter in women's sports," league co-founder Sean Jones said in a statement.

Caitlin Clark Scores 2nd Best-Selling Jersey Across WNBA and NBA Sales

Fans clamor to buy Indiana Fever star Caitlin Clark jerseys before a 2024 WNBA game.
Caitlin Clark sold the second-most basketball jerseys in the US in 2024. (Dylan Buell/Getty Images)

The No. 22 kit of Indiana Fever superstar Caitlin Clark weighed in as last fall's second best-selling basketball jersey in the US according to sports outfitter Fanatics, with the 2024 WNBA Rookie of the Year trailing only NBA superstar Steph Curry on the top sales list.

Clark's merch dominance is nothing new, however. Her Indiana jersey sold out less than an hour after the Fever drafted her as the overall No. 1 pick in April 2024, making Clark the top seller of any draft night pick in the company's history.

Even more, Clark's merchandise led last season's record-shattering WNBA sales, with Fanatics reporting that 2024 sales of player-specific gear earned a jaw-dropping 1,000% year-over-year increase by last summer's All-Star break — in large part thanks to the 2024 WNBA rookie class.

Fellow 2024 WNBA debutants Chicago Sky standout Angel Reese and then-Las Vegas Aces guard Kate Martin — Clark's NCAA teammate at Iowa — trailed the Fever star with the league's second- and fourth-most merchandise sales, respectively.

This year, a new WNBA rookie could give Clark a run for her money, as the No. 5 Dallas Wings jersey for 2025's No. 1 draft pick, Paige Bueckers, is already doing numbers at retailers across the country.

Already a brand mogul in her own right, Bueckers topped the 2024 NIL list as college basketball’s biggest earner via endorsement deals and merchandise sales prior to going pro.

Kenyan Runner Sharon Lokedi Shatters Boston Marathon Record

Kenya's Sharon Lokedi raises her arms in triumph as she crosses the 2025 Boston Marathon finish line.
Kenya’s Sharon Lokedi beat the Boston Marathon course record by over two minutes. (Erica Denhoff/Icon Sportswire via Getty Images)

Kenyan runner Sharon Lokedi shattered the women’s course record at the 2025 Boston Marathon on Monday, finishing the 129th edition of the race in 2:17:22 — more than two and a half minutes faster than the previous record set by Ethiopia's Buzunesh Deba in 2014.

The victory marked the 31-year-old runner's second major marathon championship following her 2022 New York City Marathon win.

After finishing second in the 2024 Boston Marathon behind fellow Kenyan Hellen Obiri, Lokedi avenged her runner-up status by overtaking the back-to-back defending champion in the final kilometer of Monday’s race.

"I'm always second to her and today I was like, 'There’s no way,'" Lokedi said of her rivalry with Obiri. "I just have to put it out there and fight 'til the end and see how it goes. I'm so glad I ran that fast and she was right behind me. We all fought and wanted this so bad."

All of this year’s top three finishers broke through the course record pace, with Obiri and Ethiopia's Yalemzerf Yehualaw joining Lokedi both at the finish line and in the Boston Marathon's record book.

Along with her $150,000 winner's check, Lokedi will pocket an additional $50,000 for claiming the fastest women's time in Boston Marathon history.

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