What happened: The WNBA and WNBPA have officially signed the long-form version of their transformative Collective Bargaining Agreement, finalizing terms through the 2032 season. The execution follows the ratification of the term sheet in March and solidifies historic financial gains, including a team salary cap jump to $7 million.

Why it matters: This finalization institutionalizes the shift to million-dollar salaries and mandatory charter travel for all league games. The agreement also establishes the first comprehensive revenue-sharing model in women's sports, providing players with approximately 20% of gross league revenue.

What to watch: Teams will now operate under the fully codified rules as the 2026 regular season continues, with a focus on expansion preparations for Toronto and Portland.