Sean Cate

Sean Cate

October 25, 2024

WNBA Star Angel Reese Says Her $74K Salary isn’t Enough to Cover Her $8K Per Month Rent

WNBA All-Star Angel Reese recently sparked widespread debate after revealing the financial challenges she faces despite being one of the most recognizable figures in women’s basketball. During an Instagram Live session, the 22-year-old Chicago Sky player disclosed that her WNBA salary of $74,000 per year doesn’t even cover her rent, which totals $8,000 per month. Reese’s candid admission has reignited discussions about the salary disparities faced by WNBA athletes compared to their male counterparts.

Angel Reese’s Salary and Expenses

Credit: Angel Reese | Instagram

Angel Reese’s yearly salary of $74,000 might seem substantial to some, but for Reese, it’s far from sufficient. “I just hope y’all know, the WNBA don’t pay my bills at all,” Reese stated during the live session. After calculating her expenses, she revealed that her rent alone, which amounts to $96,000 annually, exceeds her entire salary. “I’m living beyond my means,” Reese joked while discussing her financial situation.

While her WNBA earnings are meager compared to the salaries of NBA players, Reese supplements her income through endorsement deals. She has partnerships with major brands such as Reebok, Beats by Dre, and Reese’s chocolates, all of which significantly bolster her overall income.

Public Reaction

many hands with a thumbs up and one thumbs down hand
Credit: Unsplash

Reese’s revelation has left social media users divided. Some have expressed sympathy, arguing that WNBA players deserve higher pay, while others have criticized her financial choices. One Twitter user remarked, “Imagine earning $74K a year and knowingly signing an $8K a month lease. This one’s on her”. However, many others were quick to defend Reese, emphasizing that the financial struggles she described highlight the broader issue of wage disparity between male and female professional athletes.

Another user commented, “Angel Reese’s situation shows the financial struggles many athletes face. It’s concerning that her WNBA salary isn’t enough to cover her high living costs”. Reese’s defenders have called for improved compensation for WNBA players, noting the league’s growing popularity and the increasing demands placed on its athletes.

Comparisons with NBA Salaries

Image Credit: Stephen Curry | Instagram

Reese’s situation underscores the vast salary gap between WNBA and NBA players. Currently, the highest-paid player in the WNBA is Jackie Young, who earns just over $250,000 a season. In stark contrast, the NBA’s top earner, Steph Curry, made $51.9 million last season. While WNBA Commissioner Cathy Engelbert acknowledged that the league is making progress, she also noted that it has a long way to go in catching up to its male counterpart.

Engelbert explained that the WNBA is only in its 28th season, whereas the NBA and other men’s leagues are much older. “We’re tipping off our 28th season… but we realize we still have a lot of work to do, and it’s all about the ecosystem around us that drives revenue,” Engelbert stated earlier this year.

Financial Disparities

NBA vs WNBA
Credit: WSN

While the NBA and WNBA may be drawing closer in terms of gameplay, the financial disparities between the two leagues are still vast. The NBA, a global sports giant, generated a staggering $10.58 billion in revenue during the 2023 season, while the WNBA’s revenue was approximately $200 million. This substantial gap in revenue has a direct impact on player salaries, team investments, and the overall growth of each league.

NBA players receive approximately 50% of the league’s basketball-related income due to a collective bargaining agreement (CBA), ensuring they share in the league’s success. In contrast, WNBA players reportedly receive around 20% of the league’s revenue, with many athletes feeling this share is insufficient, particularly given the growing popularity of the league. This revenue split continues to be a point of contention, with calls for WNBA players to receive a larger portion of the league’s earnings as it expands.

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Additional Income Sources

Reebok symbol on a brick wall
Credit: Unsplash

Despite the challenges posed by her WNBA salary, Angel Reese is not entirely dependent on her earnings from the league. In addition to her lucrative endorsement deals, she has found other avenues to supplement her income. Reese is also participating in the Unrivaled 3v3 league, which offers athletes the opportunity to earn six figures in a short period.

For many WNBA players, playing overseas in the offseason has long been a solution to financial shortfalls. However, as Reese pointed out, many athletes hope to avoid this option. “A lot of us never wanna have to go overseas, but some people do have to go overseas, unfortunately,” she said.

By comparison, NBA players enjoy higher endorsement deals and bonuses from their significantly larger media exposure, which makes the gap between their earnings and those of WNBA players even wider. For instance, the NBA’s top stars like LeBron James and Steph Curry bring in tens of millions in endorsements alone, further emphasizing the financial disparity between the leagues.

Conclusion

Angel Reese
Credit: USA Today

Angel Reese’s disclosure about her financial struggles has reignited an important conversation about the pay disparity in professional sports, particularly between the WNBA and NBA. While Reese may be one of the brightest stars in women’s basketball, her story is a stark reminder that even top athletes in the WNBA face significant financial hurdles. As the league continues to grow, many fans and players hope that these pay disparities will be addressed, ensuring a more sustainable and rewarding career for future generations of female athletes.

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