Excel Sports Management founder and CEO Jeff Schwartz argues that the pay discrepancy between men's and women's basketball is unacceptable. Despite record-breaking viewership and attendance in the WNBA, player salaries remain significantly lower than those in the NBA. Schwartz points to the WNBA's shorter season and younger age compared to the NBA as factors, but emphasizes the need for change. He also highlights the innovative approach of the 3-on-3 league Unrivaled, which offers players equity in the league and boasts the highest average player salary in professional women's sports.
Top sports agent Jeff Schwartz said the pay discrepancy between men's and women's basketball"blatantly unfair."
Schwartz's Excel Sports Management represents more than 500 clients and has negotiated billions in athlete contracts over the years.Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to compensation in the women's basketball league.And he would know. Schwartz's firm represents more than 500 clients and has negotiated billions in athlete contracts over the years.
While many are quick to blame the WNBA for the pay inequalities, it's not always apples to apples. The NBA has been around for more than 75 years and brings in billions of dollars in corporate sponsorships. The WNBA is heading into its 29th season and plays only four months out of the year.are now making more than WNBA stars, averaging $260,000 per year, according to salary data from the United Pickleball Association.in a bid to seek bigger payouts, among other contract improvements.
Unrivaled, which kicked off earlier this month, says it has the highest average player salary of any professional women's sports league. Players in the league have an average salary of more than $220,000, according to a person familiar with the league, who spoke on the condition of anonymity to discuss nonpublic matters.
Schwartz said he doesn't see the more-established professional leagues giving up equity to players anytime soon, but that for some of the newer leagues like Unrivaled it makes sense.The 'Make America Healthy Again' revolution has begun. Buy these food stocks to ride out the riskFanatics is opening first trading cards store, but it's not in the U.S.
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