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    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

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    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

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WNBA’s investigation into Aces sponsorship, explained: League to look into Vegas tourism deal with defending champs

May 20, 2024
in Sports
WNBA’s investigation into Aces sponsorship, explained: League to look into Vegas tourism deal with defending champs
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Business is booming in Sin City. For the Las Vegas Aces, that might not be a good thing, however.

The WNBA is reportedly investigating the nature of the Las Vegas Convention and Visitors Authority’s sponsorship deal with the franchise, which will see the LVCVA pay each Aces player $100,000 in 2024 and 2025.

The deal — despite being considered salary cap compliant because the city’s tourism authority did not negotiate with Las Vegas’ organization to set the terms of the agreement — is said to raise questions about the fairness and spirit of the league’s cap rules.

Here’s what you need to know as the Aces do battle with the WNBA’s higher-ups once more, this time in 2024.

MORE: City leaders offer Kelsey Plum, A’Ja Wilson, and more $100,000 each

WNBA’s investigation into Aces’ sponsorship deal, explain

On Friday, LVCVA president Steve Hill revealed that the organization, whose mission statement claims it hopes to “make Las Vegas the undisputed global destination for leisure and business travel,” is shelling out $100,000 to each Las Vegas player, from A’ja Wilson and Kelsey Plum to rookies Dyasha Fair and Kate Martin.

“The Aces have been on a historic run — two-time world champions,” Hill said to the players on a video posted to X. “We’re here to do something historic with them, too.”

The deal represents a significant windfall for Aces players. The WNBA’s fixed salary cap means the maximum that a player could receive in a contract is $252,450 (Jackie Young). As such, $100,000 — a drop in the bucket in the men’s game — makes for life-changing money in the W. Rookies like Fair and Martin are receiving even less, further highlighting the value (both monetarily and symbolically) of such a gesture.

Unsurprisingly, such a move could have sizable aftershocks across the league. Would such an endorsement lead to a greater influx of investment in the WNBA? Possibly. But the simple economics of the situation could make it more enticing for players to join the Aces, potentially diluting the balance of the league.

This isn’t the first time the Aces have raised alarms in the league office. a year ago, the league opened an investigation into the organization regarding alleged extra benefits, in addition to claims made about Dearica Hamby, who claimed that the team traded her to the Sparks due to her pregnancy.

In the end, the WNBA took away Las Vegas’ 2025 first-round draft pick and suspended head coach Becky Hammon for two games after finding the organization breached league rules regarding impermissible player benefits and workplace policies.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Sporting News – https://www.sportingnews.com/us/wnba/news/wnba-investigation-aces-sponsorship-explained/3d2c33864ff2b1674e085b14

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