See more
Why have WNBA franchises failed?
WNBA franchises have failed in the past due to overlooked expenses like advertising, staff payroll and securing stadium rights. Recruit a local woman's basketball legend to act as the spokesperson for your WNBA franchise. Ask a former player or coach at a local university to approach business leaders, politicians and other community figures ...
How many teams are there in the WNBA?
The WNBA's 13 teams have struggled to turn their top-flight talent and support from the NBA into popularity among basketball fans. The Los Angeles Sparks and the New York Liberty may have created dynasties during the league's early years, but a number of franchises have collapsed in the past.
How to get support for WNBA?
Approach your city's NBA and college basketball teams. This outreach effort is to gain support during deliberation by the commissioner about your franchise. Speak with university athletic directors and executives with the closest NBA team to lobby on your franchise's behalf. Argue that your WNBA franchise will increase exposure to basketball in the community and bring more people out to basketball games to win support from these representatives.
Where to present your NBA franchise fee?
Present your franchise plan, franchise fee and other supporting documents to the NBA league office in New York City, New York. The NBA acts as the arbiter for league expansion by looking at financial viability, potential fan turnout and league health. Work with a sports lawyer in the weeks preceding this meeting to determine if your franchise plan is sound.
Why is the WNBA putting a delay on application?
Delay application for your WNBA franchise in response to league contraction, economic difficulties and other problems that affect the league's health. Read the WNBA Web site and other woman's basketball publications to find out if existing teams are about to collapse. Your franchise will likely be rejected if the WNBA is in the midst of contraction rather than expansion.
How much does a WNBA ticket cost?
With an average ticket price of $16.88, and 12 teams playing 32 games each, that leads us to being able to account for how much of the WNBA’s revenue comes from ticket sales;
Why is the WNBA still in existence?
One of the main reasons that the WNBA remains in existence is that it is subsidized by the NBA, which are able to sustain this $10 million loss every year.
What About NBA vs Soccer?
For those that still aren’t sure why NBA players get paid much more than WNBA players , I challenge you to think about this.
How much did Lionel Messi get paid?
But if this is the point that the WNBA is making, then why can’t NBA players get upset that there are soccer players (Cristian Ronaldo, Lionel Messi), who have been paid $70M and $92M, respectively.
How much do NBA players get paid?
NBA players are paid at max just over $40M, so why is it fair that these soccer players (who aren’t working twice as hard as the NBA players) are being paid more than double them?
Does the WNBA make money?
The WNBA generates revenues of $60 million annually, but it also has costs in excess of $70 million annually. So, the WNBA does not make money. It has turned an average $10 million net loss (revenue – costs) per year, since its inception in 1996. One of the main reasons that the WNBA remains in existence is that it is subsidized by the NBA, ...
Is the NBA split 50-50?
When comparing this to the NBA, which is a 50-50 split of revenue (NBA pays out 50% of revenue to players), it may seem unfair.
How much did a baseball team cost in 1920?
According to Michael Haupert, the average franchise value of a Major League Baseball team was less than $800,000 in 1920; or $10.4 million in today's dollars. So, about one hundred years ago a Major League Baseball team didn't cost nearly what it costs today.
How much did Steve Ballmer buy the Clippers?
Four years ago, Steve Ballmer bought the Los Angeles Clippers for $2 billion. This was an amazing sum of money for a team that was one of the worst franchises in North American team sports. In the 44 seasons before Ballmer bought the team, the Clippers franchise had missed the playoffs 34 seasons and only made it out of the first round three times. ...
What did Ballmer buy?
Ballmer's purchase of the Clippers made it clear that if you want to buy an NBA team today you probably need to be worth billions. And a similar story can be told about Major League Baseball and the National Football League. Once upon a time, though, it was a very different story.
Is the WNBA the oldest women's team?
The WNBA has not yet achieved the success of the NBA. But relative to other women's professional sports leagues the WNBA is clearly the most successful. The WNBA is also the oldest. Time (obviously) gives a sport its history.
Do men's sports get free coverage?
And men's sports also receive far more free coverage from a sports media that is dominated by men. So, not only do men's sports benefit from having a long history, athletes in men's sports are also receiving benefits not often given to women in professional sports.
Is Forbes opinion their own?
Opinions expressed by Forbes Contributors are their own.
Is the WNBA more expensive than the NPF?
Right now, though, these teams are relative bargains. As Cheri Kempf -- commissioner of the NPF -- recently noted, an expansion team in the NPF only costs $250,000 to buy and $1 million per year to operate. WNBA teams are more expensive to operate. But obviously, every team in women's professional team sports can be acquired at prices seen in men's sports decades ago.
