What happened: The WNBA and Women's National Basketball Players Association announced a tentative agreement on a new collective bargaining agreement Friday, signing a term sheet after months of negotiations. The deal is pending ratification by players and league governors, which could take weeks. It marks the resolution of a prolonged labor dispute that risked delaying the 2026 season.

Why it matters: The CBA introduces the first revenue-sharing model in women's pro sports history, dramatically increases salary cap to around $6M and max contracts, enabling better talent retention and competitive balance. historically, it's the most transformative labor deal for the league, fueling growth post-media rights boom.

What to watch: Monitor ratification vote outcomes and full CBA details release, which will trigger expansion draft, free agency, and college draft preparations.