The WNBA is investigating whether Vegas tourism authority can sponsor Aces players for $100K each (2024)

LAS VEGAS – The WNBA is investigating whether the Las Vegas Convention and Visitors Authority's $100,000 annual sponsorship to Aces player for this season and next is allowed.

A league spokesperson confirmed Saturday that there is an open investigation looking into the deal. The sponsorship does not violate the WNBA’s salary cap because the Las Vegas authority did not orchestrate it with the club. But other teams likely were raising questions about the fairness of the sponsorship and whether it violates the spirit of the cap rules.

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“I’ll put it to you real simple. Most of sponsorship people go after the top two people,” Aces coach Becky Hammon said. “This situation from what I understand is, they wanted the whole team. They called individual agents. I don't know the details. I have nothing to do with it. The Aces don't have anything to do with it. That's what happened.”

This isn’t the Aces first run-in with the league over the last few years. Last year, the WNBA suspended Hammon for two games and took away the Aces’ 2025 first-round draft pick because the franchise violated league rules regarding impermissible player benefits and workplace policies.

“Just another day in the life of the Aces. We can't just ever start normal," star A'ja Wilson said. "There's always going to be something and that's OK. When we're talking about growing the game or taking the next step it can't always be investigated. It has to be like we're trying to make things better for franchises, for players for teams.”

The head of the authority feels they did nothing wrong.

“We did this the right way,” authority president and CEO Steve Hill told The Associated Press on Saturday. “We did something that we think works for Las Vegas and I think great for the players. We did this without the team. It was our idea and any questions they ask they’ll find that out.”

The authority posted a video on X of Hill telling the players in the locker room the news on Friday.

“We have 100 influencers we pay to represent Las Vegas,” Hill told the AP. “This isn’t any different then that. All of these ladies are completely eligible to have sponsorships. We are just asking them to represent Vegas.”

The players were thrilled by the move.

“The city of Vegas I’ve always said, it’s a big small town and they just want the best for the people here,” point guard Chelsea Gray said before the Aces' home game Saturday against the Los Angeles Sparks. "They’re investing in us and so they put their money where their mouth is. We’ve done so much for the city and having fun doing it.

“It was a great moment for me and my teammates, of somebody actually putting funds behind, saying that they’re supporting and they want to have our back.”

According to the website Spotrac, which tracks player salaries, the sponsorship is higher than the earnings of six Aces players.

“Definitely more than my salary,” said rookie Kate Martin, who makes $67,249, according to the website. “I’m super thankful. Sometimes I have to pinch myself to make sure I’m not dreaming, but this is very much real life and that is what all these players deserve. I wouldn’t be getting this crazy bonus if it weren’t for how great all of these players have played in the last few years.”

The $100,000 also is a big addition even to what the top players make. A’ja Wilson and Kelsey Plum are the highest-paid Aces at $200,000 each and Gray is right behind at $196,267.

“(For) the LVCVA to see our value and to help close that pay gap, it says a lot about the character of the people that are there,” said Alysha Clark, whose salary is listed at $110,000. “So I’m extremely grateful. I’m honored to be able to represent this organization and this city and be able to put on for the city, give back to this city and pour into the community, and that’s what they did for us. It was really, really special.”

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AP Basketball Writer Doug Feinberg and AP freelance writer W.G. Ramirez contributed to this report.

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AP WNBA: https://apnews.com/hub/wnba-basketball

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

The WNBA is investigating whether Vegas tourism authority can sponsor Aces players for $100K each (2024)

FAQs

What is the WNBA investigation on the Las Vegas Aces? ›

The WNBA has hired an outside law firm to conduct its investigation into any role the Las Vegas Aces played in the publicly announced arrangement between the Las Vegas Convention and Visitors Authority and players on the Aces to pay each player $100,000 per year in 2024 and 2025, multiple league sources have confirmed ...

Do the Las Vegas Aces get 100k? ›

On Friday, the Las Vegas Convention and Visitors Authority announced it would sponsor every player on a two-year deal that nets the player $100,000. The organization posted a video on social media of leadership telling the players as well.

Who owns the Las Vegas Aces of the WNBA? ›

The Aces were bought by Mark Davis in 2021, who also owns the National Football League's (NFL) Las Vegas Raiders.

How much are the WNBA Aces worth? ›

$140 Million

Did Las Vegas give the Aces money? ›

LAS VEGAS -- The Las Vegas Convention and Visitors Authority announced a deal Friday in which it will provide a $100,000 annual sponsorship to each Aces player for this season and 2025. But the agreement has raised flags with the WNBA.

Who sponsors the Las Vegas Aces? ›

Ally Financial

What is Caitlin Clark's salary? ›

Caitlin Clark's base salary for her first year in the WNBA is around $76,000. In April 2024, CBS reported that Clark's four-year rookie contract is worth a total of $338,056. She'll be paid $76,535 in 2024, $78,066 in 2025, $85,873 in 2026, and $97,582 in 2027.

What is the bonus for the WNBA Aces? ›

One day after the Las Vegas Tourism Board announced that every player on the Las Vegas Aces would receive a $100,000 sponsorship, the WNBA opened an investigation into the bonuses, a league spokesperson confirmed.

How much will Kate Martin make in the WNBA? ›

2024-2027 Rookie

Kate Martin signed a 4 year , $297,045 contract with the Las Vegas Aces, including an average annual salary of $74,261.

Does Tom Brady own Aces? ›

HENDERSON, Nev. (AP) — The WNBA's owners officially approved retired quarterback Tom Brady's bid Monday to purchase a stake in the Las Vegas Aces.

What is the least valuable WNBA team? ›

The Atlanta Dream is the least-valued franchise in the WNBA, according to recent data from Sportico. By the numbers: The Dream is valued at $55 million, putting them below every other team in the league. The team made $8.8 million in revenue in 2023. The WNBA's most valuable team is the Las Vegas Aces ($140 million).

What percentage of the WNBA is owned by the NBA? ›

The NBA provides the WNBA with an annual endowment of over $15 million. This financial support helps cover various operating costs for WNBA teams, including facilities, travel, marketing, and administration. As of 2023, the NBA owns 50% of the WNBA, while the 12 WNBA teams collectively own the other 50%.

Is the WNBA investigating refs? ›

A spokesperson for the WNBA said to Reuters that the claim is “not true.” There is no such statement on the WNBA website , opens new tab or social media channels , opens new tab, nor are there any credible reports that the WNBA has launched such an investigation.

Are the Aces being investigated? ›

Sources: WNBA investigating Las Vegas Aces - The Next

The WNBA is investigating the Las Vegas Aces over allegations team circumvented the salary cap, nine sources tell The Next's Howard Megdal.

What is the nil deal with the Las Vegas Aces? ›

The controversial $100,000 per year NIL deals between players on the WNBA's Las Vegas Aces' and the Las Vegas Convention and Visitors Authority includes language that specifically nullifies the arrangement in the event it is found to violate the WNBA's collective bargaining agreement.

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