Upcoming negotiations will focus on how the new revenue from recent media deals and corporate partnerships will be distributed among players and teams.

This announcement follows a record-breaking season for the WNBA, highlighted by significant increases in viewership and attendance, culminating in the New York Liberty's championship victory over the Minnesota Lynx.

The WNBA Players Association announced its decision to opt out of the current collective bargaining agreement, which was established in 2020 and is set to expire in 2027.

The early opt-out comes on the heels of the league securing a historic 11-year media rights deal worth $200 million annually, which underscores the WNBA's financial growth.

Despite rising revenues, many prominent WNBA players often play overseas during the off-season to supplement their income, increasing their injury risk.

Players are advocating for higher salaries and better benefits, aiming to secure their rightful share of the league's growing revenues.

The players' union is pushing for a new economic model that eliminates restrictive caps on player value and benefits, promoting equity as the league expands.

The WNBPA emphasized the need for higher salaries, improved working conditions, enhanced health benefits, and long-term growth investments in the new agreement.

Players are committed to negotiating for as long as necessary to secure a better agreement, even if it leads to a potential work stoppage.

WNBPA President Nneka Ogwumike highlighted that this moment represents a crucial opportunity for progress and transformational change in the league.

WNBA Commissioner Cathy Engelbert expressed optimism about collaborating with the players on a fair new CBA that supports the league's future growth.

The league is also experiencing a surge in promising talent, with notable rookies like Caitlin Clark and Angel Reese expected to join in 2024.