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Women's Sports Are Crushing It: How the Golden State Valkyries Just Broke the Bank

Barbara Lee at a Golden State Valkyries Commemoration

Photo by Battlesnake1 | License

Bay Area sports fans, get ready for a plot twist that’ll make your tech startup pivot look amateur. The Golden State Valkyries, a brand new WNBA team that’s barely been playing for six weeks, just landed a jaw-dropping $500 million valuation – making history as the most valuable women’s sports franchise ever. 🏀💰

From Zero to Hero

Let’s break this down: These rookies have a mediocre 7-6 record, no standout superstar, and their top draft pick isn’t even playing this season. Yet they’re selling out every single game at Chase Center and averaging a cool $1,500 per courtside seat. Talk about disrupting the game.

The Caitlin Clark Effect

Enter Caitlin Clark, the league’s newest sensation who’s basically doing for women’s basketball what the iPhone did for smartphones. Her arrival has tripled team valuations across the WNBA and dramatically boosted TV ratings. Suddenly, everyone wants a piece of women’s basketball.

The Labor Behind the Glamour

But here’s the tea: These astronomical valuations are built on incredibly underpaid labor. WNBA players are generating massive revenue while earning pennies compared to their NBA counterparts. With the collective bargaining agreement expiring this season, a potential player’s strike could completely reshape the league’s economic landscape.

The Valkyries aren’t just a team – they’re a movement proving that women’s sports aren’t just a side hustle, they’re the main event. 💪

AUTHOR: pw

SOURCE: SFist