The WNBA and its Players' Union have reached an agreement in principle on a transformational new Collective Bargaining Agreement. The deal comes 17 months after the Players opted out of their previous agreement and five months after the previous deal was initially set to expire, with talks often becoming contentious. A new salary cap will start at $7 million, up from $1.5 million under the previous agreement, according to a person with knowledge of the agreed-upon terms who was not allowed to comment publicly, the Associated Press reported. Additionally, Players will make an average salary of around $600,000 and minimum contracts will be above $300,000. Across the life of the deal, Players will earn an average share of 20% of gross revenue. A term sheet should be done in the next day or two. It will then need to be ratified by the Players and then approved by the WNBA's Board of Governors.

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