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Cleveland launches formal bid for a WNBA team
  + stars: | 2024-11-20 | by ( Jessica Golden | ) www.cnbc.com   time to read: +3 min
Dan Gilbert Cleveland Cavaliers owner talks during a press conference introducing new head coach John Beilein at Cleveland Clinic Courts on May 21, 2019 in Independence, Ohio. Dan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio. Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on Wednesday that it intends to submit a proposal for a WNBA expansion team. The Cavs also have an existing practice facility in Independence, Ohio, which they said could be ready-made for a WNBA team. The Cleveland Cavs are off to their best start in history, currently sitting in first place in the Eastern Conference with a 15-1 record.
Persons: Dan Gilbert Cleveland, John Beilein, Dan Gilbert, Cathy Engelbert, Nic Barlage, Barlage, Cleveland, David Gilbert, that's, Engelbert, We're, Allen, Gilbert Organizations: Dan Gilbert Cleveland Cavaliers, Cleveland Clinic Courts, Cleveland Cavaliers, WNBA, Rock Entertainment Group, CNBC, NBA's Cavaliers, NFL's Browns, MLB's, American Hockey, Cleveland Clinic, Center, Cleveland Sports Commission, Eastern Conference, Golden State, Fortune, Allen & Company, Company Locations: Independence , Ohio, Northeast Ohio, Cleveland, Ohio, Denver, Miami, Milwaukee, St, Louis, Philadelphia, Toronto, Portland , Oregon
Angel Reese may be one of the faces of the WNBA, but her time on the court hardly pays the bills. "I just hope y'all know the WNBA don't pay my bills at all," she said during a recent Instagram live, according to ESPN. Reese said her monthly rent payment is $8,000, meaning that a year's housing costs her $96,000 — more than she earns in a full season. "Being able to make six figures within three months [in Unrivaled], being able to be housed in Miami, just being able to get better …. Currently, the highest paid WNBA player is Las Vegas Aces star Jackie Young, who earned just over $250,000 this season.
Persons: Angel Reese, y'all, Reese, wouldn't, It's, Dre, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: Chicago, Star, ESPN, Reebok, Las Vegas Aces, Golden State Warriors, CNBC Locations: Florida, Russia, Miami
Police are investigating a threatening, homophobic e-mail sent to WNBA power forward Breanna Stewart's wife as the New York Liberty compete in the finals. “Being in the Finals and everything like that it makes sense to file something formal,” Stewart said. The threat came after the Liberty lost in Game 1 of the WNBA finals against the Minnesota Lynx. Stewart told ESPN the threatening email came after the Game 1 loss. She said the league will meet with the players association, players and teams to address the matter using technology and prioritizing mental health and reinforcing security.
Persons: ” Stewart, “ don’t, Marta Xargay Casademont, Marta, Xargay, , Stewart, , Cathy Engelbert, ” Engelbert Organizations: New York Liberty, Police, WNBA, Spanish National, Force, New, New York Post, Associated Press, , Liberty, Minnesota Lynx, ESPN, NBC, Lynx Locations: New York
Napheesa Collier’s turnaround jumper with 8.8 seconds left lifted the Minnesota Lynx to a 95-93 win over the New York Liberty in Game 1 of the WNBA Finals on Thursday night. With the game tied in overtime, Collier faked in the lane and scored. Before the game WNBA Commissioner Cathy Engelbert announced that the league is expanding the Finals to best-of-seven starting next year. The Liberty blew an 11-point lead in the final 3:23 of regulation when Minnesota scored 12 straight points, capped by Williams’ four-point play with 5.5 seconds left. The Liberty are looking for the franchise’s first championship while the Lynx are vying for a league-record fifth.
Persons: Collier, Courtney Williams, Kayla McBride, Cathy Engelbert, Jonquel Jones, Sabrina Ionescu’s, Jones, Williams ’, Stewart’s, Ionescu, Stewart, Spike Lee, Jason Sudeikis, Meek, Mark Vientos, Lee Organizations: Minnesota Lynx, New York Liberty, WNBA, New, Minnesota, York, Liberty, midcourt, Connecticut, Lynx, Las Vegas Aces, Commissioner’s, New York Mets Locations: New York, Minnesota, York
Napheesa Collier #24 of the Minnesota Lynx scores the game winning basket during the game against the New York Liberty during Game 1 of the 2024 WNBA Finals on October 10, 2024 at Barclays Center in Brooklyn, New York. Basketball fans will have even more chances to see their favorite stars play in the Women's National Basketball Association in the 2025 season. WNBA Commissioner Cathy Engelbert announced that the league will expand its regular season from 40 to 44 games, and its Finals series from five to seven games, both beginning next year. The Finals round will be a 2-2-1-1-1 format for home games, with the higher seed hosting first. Viewership, attendance and engagement numbers all increased for the 2024 season, and in some cases set new records.
Persons: Napheesa Collier, Cathy Engelbert, Engelbert, Caitlin Clark, Angel Reese, Breanna Stewart, A'ja Wilson Organizations: Minnesota Lynx, New York Liberty, Barclays Center, Basketball, National Basketball Association, WNBA, Portland, CNBC, National Basketball Locations: Brooklyn , New York, Toronto, Portland
CNN —After an outstanding season in which she undoubtedly exceeded lofty expectations following a historic career at the University of Iowa, Caitlin Clark was named the 2024 WNBA Rookie of the Year in a near-unanimous vote. She became the WNBA single-season assists record holder (337), an accomplishment which included a league-record 19 assists in one game. Her 8.4 assists per game average is also a WNBA record. Clark also became the first rookie to record a triple-double and holds the record for most three-pointers made (122) by a rookie in league history. Iowa's Caitlin Clark (No.
Persons: Caitlin Clark, Clark, Angel Reese, ingle, eason ➡ ️, , eason, ake, ear. Organizations: CNN, University of Iowa, Indiana, WNBA, Chicago, ust, ince, CAA
The Women's National Basketball Association's viewership and attendance boomed during the 2024 season, as the league's popularity soared due to young stars like Caitlin Clark and Angel Reese. The league's games drew more than 54 million unique viewers, an all-time record, across various networks including Disney 's ABC and ESPN, Paramount Global' s CBS, E.W. Scripps' Ion and NBA TV, among others, according to data the WNBA released on Friday. In addition, WNBA game attendance hit its highest level in 22 years, and grew almost 50% from the 2023 season, according to the league. Asked about the dynamic on CNBC earlier this month, WNBA Commissioner Cathy Engelbert did not explicitly condemn the vitriol toward players, sparking criticism from around the league.
Persons: Caitlin Clark, Destanni Henderson, Angel Reese, Scripps, Ion, Clark, Reese, Cathy Engelbert Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Disney, ABC, ESPN, Paramount, CBS, E.W, NBA, Indiana Fever, Chicago Sky, Las Vegas Aces, CNBC Locations: Gainbridge, Indianapolis , Indiana, Portland
The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese. But top WNBA players don't yet have the lofty salaries to match. Once the WNBA season is over, Jones plays a second season in Europe, mainly to complement her salary. The money is allocated from the $75 million the WNBA raised in 2022 from a group of investors. Though the WNBA's success has not yet led to the massive salaries seen in men's pro sports, many in the league believe it's only a matter of time.
Persons: Caitlin Clark, Angel Reese, they've, Sportico's, Cathy Engelbert, Brionna Jones, A'ja Wilson, Breanna Stewart, Jones, I'm, Engelbert, Stephanie White, It's, we've Organizations: WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Disney, Amazon Prime, NBA, Connecticut Sun, The Washington Post, CBA Locations: Europe, The Washington
The WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday. The Portland team will play in the Moda Center, the same arena as the NBA's Portland Trailblazers. Portland has had a WNBA team before, but it shut down after a few years in 2002. The addition of the new Portland team underscores booming growth for both the WNBA and women's sports in general. The 2024 WNBA season has seen record numbers for both in-person attendance and viewership, according to data from the WNBA for the start of the season.
Persons: Lisa Bhathal Merage, Cathy Engelbert, A'ja Wilson, Caitlin Clark, Angel Reese Organizations: Portland, RAJ Sports, WNBA, Moda Center, Women's Soccer League, Thorns, Sacramento Kings, Delta Air Lines Locations: Portland, Toronto
CNN —The WNBA is returning to Portland, Oregon, starting in 2026. The new expansion franchise will play its home games at the Moda Center in downtown Portland and become the WNBA’s 15th team, the league announced Wednesday. “As the WNBA builds on a season of unprecedented growth, bringing a team back to Portland is another important step forward,” WNBA commissioner Cathy Engelbert said in a statement. The city previously had a WNBA team – the Portland Fire – from 2000-2002 before it folded. “Portland has a passion for women’s sports and the teams who play in the Rose City, making us the ideal home of the next WNBA team,” Oregon governor Tina Kotek said in a statement.
Persons: Cathy Engelbert, Lisa Bhathal Merage, Alex Bhathal, ” Merage, Tina Kotek, Engelbert, , ” Engelbert, Caitlin Clark, Angel Reese, A’ja Wilson Organizations: CNN, Moda, , WNBA, RAJ Sports, Portland, Sacramento Kings, Rose City Rollers, Sports, Indiana Fever, Chicago Sky, Las Vegas Aces Locations: Portland , Oregon, Portland, “ Portland, Rose City, Oregon, Rose, Toronto
WNBA commissioner Cathy Engelbert late Tuesday night clarified that she’s vehemently opposed to “hate or racism” after her response to a question about social media abuse drew criticism from players in her league. Instead of addressing the matter with a simple message against online hate, Engelbert toasted their rivalry and celebrated that there’s “no more apathy” in the WNBA. "During a recent media interview, I was asked about the dark side of social media and online conversation about WNBA rivalries and race," she wrote on the platform formally known as Twitter. "To be clear, there is absolutely no place for hate or racism of any kind in the WNBA or anywhere else." Reese, an LSU alum who recently suffered a season-ending injury, is pulling down a WNBA-high 13.1 rebounds per contest.
Persons: Cathy Engelbert, she’s, Engelbert, , Caitlin Clark, Angel Reese, CNBC’s Tyler Mathisen, ” Clark, Reese, Breanna Stewart —, Clark, A'ja Wilson —, Stewart, Cathy, ” Terri Jackson, WNBPA, , Jackson Organizations: WNBA, CNBC, New York Liberty, Dallas Wings, Iowa, LSU
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWNBA Commissioner on 2024 Paris Olympics, new media rights deal and expansion plansCNBC’s Carl Quintanilla and WNBA Commissioner Cathy Engelbert join 'Squawk Box' to discuss the the performance of Team USA women's basketball at the 2024 Paris Olympics, growth of the WNBA, impact of the new media rights deal, expansion plans, and more.
Persons: CNBC’s Carl Quintanilla, Cathy Engelbert Organizations: USA
The WNBA's new media rights deal includes a price reevaluation after the 2028 season to account for the league's rising popularity, according to people familiar with the agreement. The WNBA deal has been negotiated within a broader $77 billion NBA agreement with media partners announced earlier this week. Instead, the NBA worked with Endeavor Group's media consulting team, led by Karen Brodkin and Hillary Mandel, to assess the value of WNBA rights, said the people. The media partners aren't forced to pay more based on the conclusion of the reevaluation, but they will be incentivized to do so, the people said. A little more than halfway through its current season, the WNBA has already had 16 nationally televised games break the 1 million viewership mark — a league record.
Persons: Brionna Jones, Los Angeles, Cameron Brink, , Karen Brodkin, Hillary Mandel, Caitlin Clark, Angel Reese, aren't, Cathy Engelbert, Ion, — CNBC's Lillian Rizzo, Jess Golden Organizations: Connecticut Sun, Los, Los Angeles Sparks, Sparks, Sun, Mohegan Sun Arena, WNBA, — Disney, NBA, Endeavor, Amazon, Scripps, CNBC Locations: Connecticut, Uncasville , CT
But nothing that Clark does — or that is done to Clark — is treated as normal. That was just the latest bulletin in a months-long news cycle trailing everything Clark does. ESPN's Stephen A. Smith said WNBA players should go easier on Clark in games if they want to keep up record viewership: "Protect the golden goose." Related storiesThese days, watching Caitlin Clark play basketball has become a Rorschach test for a deeply divided country. Four years ago, WNBA players actually helped flip a Senate seat in Georgia.
Persons: Caitlin Clark, , Clark, Clark —, Angel Reese, ESPN's Stephen A, Smith, Nikki Haley, Cathy Engelbert, Wilson, Michael Jordan Michael Hickey, she's, we've, Megan Rapinoe, Donald Trump, Brittney Griner, Matt Leinart, Reese, Pat McAfee, Eminem, Chennedy Carter, Carter, That's, I'm, Dijonai Carrington, Carrington vocalized, Emilee Chinn, Sabrina Ionescu, Breanna Stewart, A'ja Wilson, Clark Caitlin Clark, — infantilize, James Boyd Organizations: WNBA, Business, Chicago, CNN, Fox News, ESPN, Olympic, GOP, Chicago Sky, That's, Connecticut Sun, Getty, Black, Nike, The Locations: Iowa, Hollywood, Indiana, America, Georgia, Russia, Chicago, Washington ,, Connecticut
CNN —As she adjusts to life in the WNBA, rookie phenom Caitlin Clark is also having to navigate becoming a lightning rod for societal discourse. “It’s disappointing,” replied Clark ahead of the Indiana Fever’s home game against the Atlanta Dream. Her rivalry with fellow star Angel Reese, for example, has triggered discourse about race in the US. Clark has had a mixed start to her WNBA career so far, showing flashes of her brilliance but struggling initially with the physicality of the professional game. “Nobody’s apathetic about the WNBA because we’ve brought in so many new fans into what we call the fan funnel this year.”
Persons: Caitlin Clark, Clark, she’d, “ It’s, , , Steph Chambers, Angel Reese, Reese, I’ll, ” Reese, , ” Clark, don’t, DiJonai Carrington, ” Carrington, reignite, Cathy Engelbert, haven’t, ’ ’, Engelbert of Clark, “ We’re, Caitlin, Engelbert, Cameron Brink, we’ve Organizations: CNN, WNBA, Indiana Fever, Indiana Fever’s, Atlanta, Seattle Storm, NCAA, Sun, Twitter, Indiana, Chicago Sky, USA, Wednesday Locations: USA
Toronto, the most populous city in Canada, will be home to the league’s 14th franchise, the WNBA announced Thursday at a news conference. AdvertisementLed by Toronto billionaire Larry Tanenbaum’s Kilmer Sports Venture, the unnamed franchise will use the 8,000-seat Coca-Cola Coliseum as its home arena. Tips off in 2026. pic.twitter.com/NjwjmetAiY — WNBA (@WNBA) May 23, 2024Teresa Resch, a former Raptors executive and the executive vice president for Kilmer Sports Venture, will serve as team president. Engelbert called it a “seminal moment” for Toronto in its feasibility to receive a WNBA expansion team. The WNBA team will add to the list of Toronto’s professional women’s sports franchises.
Persons: Larry Tanenbaum’s, Tanenbaum, ” Tanenbaum, , Justin Trudeau, Doug Ford, Olivia Chow, Masai Ujiri, Scottie Barnes, Kyle Lowry —, ” Trudeau Organizations: WNBA, Area, Toronto, Larry Tanenbaum’s Kilmer Sports Venture, Cola, Associated Press, University of Toronto’s, , Toronto Raptors, Raptors, Philadelphia 76ers Locations: United States, Toronto, Canada, Vancouver, Montreal, Ontario
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWNBA Commissioner Cathay Engelbert on expansion, season tip-off, ticket sales and outlookWNBA Commissioner Cathy Engelbert joins 'Power Lunch' to discuss the upcoming WNBA season plans and expansion.
Persons: Cathay Engelbert, Cathy Engelbert Organizations: WNBA, Cathay
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGame Respects Game with WNBA Commissioner Cathy EngelbertThe WNBA is having a moment. In 2023, the league had its most watched regular season in 21 years. In addition, they announced that the Golden State Warriors will be adding a WNBA franchise in 2025, the first team expansion since 2008. Following one of its most anticipated drafts—with several generational players joining the league—WNBA Commissioner Cathy Engelbert discusses the league's remarkable growth, what's ahead and how this could be a pivotal year in women's sports.
Persons: Cathy Engelbert The, Cathy Engelbert Organizations: Cathy Engelbert The WNBA, Golden State Warriors, WNBA
1 overall selection by the Indiana Fever in this week's WNBA draft, Clark's salary her first season will be just over $76,000. Clark's pay will escalate over the course of her four-year rookie contract, leaving her with total earnings of $338,056. The WNBA has grown in popularity in recent years, but it still trails behind the NBA, NFL, MLB and NHL. The highest paid WNBA player is Las Vegas Aces star Jackie Young, who will earn just over $250,000 this season. Here's how Clark's rookie deal stacks up against the most recent top picks from America's big four sports leagues.
Persons: Caitlin Clark, she'll, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: WNBA, Indiana, Gatorade, Nike, NBA, NFL, MLB, NHL, Las Vegas Aces, Golden State Warriors, CNBC Locations: State
But right now we're seeing that even if you're the best, women are not paid their fair share." However, WNBA Commissioner Cathy Engelbert, speaking at CNBC's inaugural Changemakers Summit 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 (WNBA) speaking at the CNBC Changemakers Event in New York on April 18th, 2024. The NBA has around $13 billion in revenue while the WNBA is roughly around $200 million. Caitlin Clark poses with WNBA Commissioner Cathy Engelbert after being selected first overall pick by the Indiana Fever during the 2024 WNBA Draft.
Persons: Caitlin Clark, Joe Biden, Clark, Victor Wembanyama —, , Cathy Engelbert, there's, Engelbert, Danielle DeVries, Caitlin, she's, we're, Sarah Stier Organizations: Indiana Fever, House, San Antonio Spurs, NBA, Summit, Deloitte, National Basketball Association, CNBC, Nike, Gatorade, State, WNBA, Athletic, Getty Locations: New York City, New York, U.S, Iowa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaitlin Clark helping drive WNBA to 'higher heights' financially, says Commissioner Cathy EngelbertCathy Engelbert, commissioner of the WNBA and former Deloitte CEO, joins CNBC's 'Power Lunch' to discuss the WNBA's booming popularity, Caitlin Clark, and more.
Persons: Caitlin Clark, Cathy Engelbert Cathy Engelbert Organizations: WNBA, Deloitte
The WNBA’s stars aren’t asking to be paid an equal dollar amount to NBA players, however. WNBA players have made progress on salaries since 2020, when they reached their latest collective bargaining agreement with the league. Sharing the revenue pieBecause it’s a smaller and younger league, women’s players have had less bargaining power with team owners over their pay than men. While NBA players receive 50% of total NBA revenue, the WNBA must hit a certain revenue threshold annually before any revenue sharing agreements kick in. This has held back women’s salaries.
Persons: Caitlin Clark, Clark, Angel Reese, ” Terri Jackson, David Berri, Kelsey Plum, Griner, Jackson, ” Jackson, “ It’s, , Alicia Jessop, “ That’s, ” David Berri, David Stern, , Berri, Cathy Engelbert, ” Breanna Stewart Organizations: New, New York CNN, NBA, National Basketball Association, Women’s National Basketball Association, University of Iowa, Louisiana, NCAA, WNBA, ’ Association, CNN, Southern Utah University, Las Vegas Aces, , Phoenix Mercury, , Pepperdine University, longtime, New York Liberty Locations: New York, men’s, Russia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWNBA Commissioner on the 'Caitlin Clark effect', impact on women's sports and equal pay pushCathy Engelbert, WNBA Commissioner and former Deloitte CEO, joins 'Squawk Box' to discuss last night's NCAA Women's College Basketball Final, the impact of Caitlin Clark on women's basketball, WNBA's media rights, equal pay push, and more.
Persons: Caitlin Clark, Cathy Engelbert Organizations: WNBA, Deloitte, NCAA Women's
The WNBA, still emerging entering its 28th season, hopes Caitlin Clark can achieve what those athletes did and turn the league into a cultural phenomenon. WNBA players’ salaries also lag behind. Turning Clark fans into WNBA fansClark is already having an impact on the WNBA. “The need by WNBA teams to invest in fan acquisition and fan engagement is really critical to maximize this moment,” she said. Bebeto Matthews/APThe league was financially connected to the NBA, and each of the first eight WNBA teams was linked to an NBA franchise.
Persons: Woods, Venus Williams, Michael Jordan, Caitlin Clark, , Boris Lelchitski, Candace Parker, Jonquel Jones, ” Clark, Angel Reese, Clark, Reese, , Phil Cook, Gregory Fisher, Nielsen, “ Caitlin Clark, Noah Henderson, Cathy Engelbert, “ We’ve, Erica Denhoff, Jessica Gelman, Gelman, David Stern, Lisa Leslie, Sheryl Swoopes, Rebecca Lobo, Bebeto Matthews, Terri Jackson, ” Donna Orender, Orender, ” Engelbert, Cameron Brink, , “ Clark, Donna Orender Organizations: New, New York CNN, NBA, WNBA, Indiana Fever, NCAA, University of Iowa, Louisiana State University, Tiger, USA, Sports, Reuters, Loyola University, CNN, LSU, WNBA's Indiana, Kraft Analytics Group, MIT Sloan Sports Analytics, Nielsen, Brands, Gatorade, State, longtime, Olympics, Basketball Players Association, Deloitte, Kraft Analytics Locations: New York, Chicago, Iowa, USA, Atlanta, San Francisco
Cathy Engelbert: CNBC Changemakers for Women's History Month
  + stars: | 2024-03-26 | by ( ) www.cnbc.com   time to read: 1 min
The women named to the CNBC Changemakers list are creating a pattern of what it takes to defy the odds, innovate and thrive in a volatile business landscape. From startup founders to S&P 500 C-suite growth drivers, from personalities shaking up the media industry to figures taking women's sports further into the mainstream, the 2024 Changemakers have broken new ground and set the stage for others to follow. Click here to view the inaugural list and continuing coverage for Women's History Month.
Organizations: CNBC
Total: 25