Connect with us

Bussiness

Unrivaled offers Caitlin Clark significant equity in league, salary over $1M

Published

on

Unrivaled offers Caitlin Clark significant equity in league, salary over M

Unrivaled has told Caitlin Clark she can “take as long as she wants” to decide on whether to join the league.Getty Images

Caitlin Clark and Unrivaled have had “high level conversations” about her joining the emerging 3-on-3 basketball league, sources said today, with the offer believed to include significant equity in the business and a three-month salary of over $1M.

On a day that the league expanded its rosters from 30 to 36 players, those sources said Unrivaled has told Clark she can “take as long as she wants” to decide, mindful of the grind Clark has endured over the past year as a collegiate player and rookie in the WNBA. But Unrivaled has also strategically signed two of Clark’s closest friends — Fever teammate Lexie Hull and former Iowa teammate Kate Martin — to recent contracts, and, according to sources, speculation is Clark is leaning “60/40″ to saying “yes.”

Another of Clark’s Fever teammates, Aliyah Boston, is potentially about to join Unrivaled, as well. The six-team league begins play in an 850-seat Miami production studio on Jan. 17.

“Comes down to mental health, stress or playing ball –which she loves,” one source said of Clark. “She has not decided yet…there will be a spot for her if she wants it, but she will be paid for what she brings to the league, as much as a new league can afford… I think a few weeks we will know.”

Read More

Unrivaled —co-founded by the WNBA’s Napheesa Collier, Collier’s husband Alex Bazzell and Breanna Stewart —has gained significant momentum in recent weeks by striking an exclusive media rights deal with Warner Bros. Discovery worth approximately $100M, according to sources. The average player salary is expected to be in the $250,000 range, with Clark being offered “a seven figure deal over a million,” according to a source.

Those sources said talks have been “pretty positive,” but the league is not being presumptuous on the outcome. “Ultimately, they’re not applying pressure and just building the league, and hopefully she joins, because if she does, it would have a dramatic impact in a positive way,” one source close to the league said. “But they don’t even have a timetable on when that decision is coming. It’s like recruiting someone. It’s a decision that can go either way. There’s only two answers. I think one way or another, any player that doesn’t play this year, I think once they see it, it’s just going to be hard not to want to join.”

The Fever are aware of Unrivaled’s pursuit of Clark, and the franchise “will not tell her don’t go, you can’t go,” according to sources.

“They recognize that if it’s a Lionel Messi type offer, you’re not going to tell her don’t,” one source familiar with the Fever said. “But they hope she doesn’t. They want to provide her with an environment [in Indiana] where there’d be no reason to do anything else. That’s the focus. That’s their hope. But do they think [Unrivaled] is going to throw her some [exorbitant] offer? Of course they do. Because what else are they [Unrivaled] going to do?”

The league originally had planned to have six teams with five-person rosters for a total of 30 players, but today Collier and Stewart announced that Unrivaled is expanding to six teams of six players for a total of 36 —something that had been in the works for weeks.

“We were able to do this because we outperformed our financial projections, and so now we get to do something that we wanted to do in the future, which is give more people spots in Unrivaled,” Collier said in a video statement today. “This is such an amazing time in women’s sports, and we’re so thankful to all the positive people who have come out and supported us.”

Each of Unrivaled’s six teams — Laces Basketball Club, Mist Basketball Club, Phantom Basketball Club, Lunar Owls Basketball Club, Rose Basketball Club and Vinyl Basketball Club —are owned by the league, although sources said a future option could be to sell the franchises to individual owners.

Continue Reading