Since Caitlin Clark was drafted, debate about her salary has dominated social media. WNBA commissioner Cathy Engelbert explains the economic truth behind it.
But the excitement around her being chosen first overall in the 2024 WNBA Draft earlier this week was tempered by discussions over her WNBA salary, and comparisons to rookies in other men's sports.
However, WNBA Commissioner Cathy Engelbert, speaking at CNBC's inaugural Changemakers event on Thursday in New York City, said there's a "false narrative" around Clark's expected salary, likening it to the way that executive salaries are displayed for public companies. Cathy Engelbert, Commissioner of the Women's National Basketball Association speaking at the CNBC Changemakers Event in New York on April 18th, 2024."Caitlin has the ability to make up to a half of a million dollars just in WNBA wages this year, so they're just looking at a base, which is collectively bargained and actually is low, because she's the number one pick," Engelbert said.
"I would say if you look at them 28 seasons in, we're further ahead, but we realize we still have a lot of work to do, and it's all about the ecosystem around us that drives revenue," Engelbert said.
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