Under the new deal, the maximum salary will increase from $115,000 to possibly more than $500,000 when base salary, bonuses, and prize pools from in-season competitions are factored in.
The league announced the news in a release Tuesday, in which it said the new CBA is aimed at improving "the overall player experience".
For instance, Major League Soccer - which averaged the same number of viewers (246,000) for regular-season games on ESPN a year ago as the WNBA did - is losing more than $100 million annually because it's investing in players (the average base salary in 2019 was $345,867), and nobody bats an eye.
The new eight-year agreement, will start with the 2020 season and go through 2027. Players are no longer allowed to miss the early games of the season, or even training camp, for overseas duties - unless it's for national team play, or the player has played three or more seasons in the WNBA. The way we pay these players is different than before. The collective bargaining agreement also provides enhanced family benefits, travel standards and other health and wellness improvements.
The new CBA addresses all those issues.
Additional cash compensation also includes a minimum of $1.6 million in offseason marketing agreements that would allow for up to $300,000 in additional cash compensation for select players. Base pay for the best players in the league will increase from $117,500 to $215,000.
The league will invest at least $1.6 million in marketing, ensuring the league's top talent gets recognized. The 54-year-old mentor was delighted with the improvements in travel accommodations, as WNBA players will now have their own hotel rooms during road games.
Players will receive increased family benefits as part of the new CBA.
A new annual childcare stipend of $5,000. The league also promises to provide "a safe and private place for nursing mothers". Family planning benefits offer up to $60,000 in reimbursement for veteran players for costs relating to adoption, surrogacy, and fertility treatments including egg freezing.
Nowadays, most of the league's players opt to play overseas during the WNBA offseason in countries such as Russia, Australia and South Korea, where their earning potential is higher, to make up for lacking salaries in the domestic league.