WNBA and players union finalize CBA through 2032 with new pay and revenue sharing

The WNBA and its players union formally completed the longform version of a new collective bargaining agreement on Friday, cementing a landmark deal that dramatically increases player compensation and introduces a first-of-its-kind revenue-sharing model in women's professional sports. The agreement, which runs through 2032, was ratified by both parties in March.

The new contract results in the first million-dollar players in league history, with salaries increasing nearly fivefold from the previous agreement. This season, 31 players will earn over $1 million, with a select few, including four-time MVP A'ja Wilson, earning the maximum salary of $1.4 million.

A central feature of the deal is the establishment of a comprehensive revenue-sharing model, a first for a women's professional sports league. The union also negotiated a one-time veteran recognition payout for retired players, with amounts based on years of service. According to a person familiar with the final document, a special provision was added: any retired player who won the league's MVP award would receive the maximum payment of $100,000, which was originally designated for players with 12 or more years of service....