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The Women’s National Basketball Players Association submitted a revised collective bargaining counterproposal to the WNBA on Friday evening, offering concessions on both revenue sharing and housing, a source familiar with the negotiations told ESPN.

In the new proposal, the union lowered its request for players to receive 26% of gross revenue over the agreement’s duration, down from 27.5% in its Feb. 17 offer – a reduction worth nearly $100 million, according to a source.

The proposed Year 1 salary cap of about $9.5 million remains unchanged.

The sides remain far apart on revenue sharing structure. The league continues to offer players more than 70% of net revenue, or less than 15% of gross revenue.

The WNBA’s proposed 2026 salary cap stands at $5.65 million, up from $1.5 million in 2025.

Under the league’s framework, maximum salaries including revenue-sharing payouts would reach nearly $1.3 million in 2026 and approach $2 million by 2031, compared with a 2025 supermax of $249,000.

The union also adjusted housing terms, lowering the eligibility threshold to 75% of the maximum salary and removing a multiyear contract requirement, while no longer guaranteeing team-provided housing in later years.

Negotiations continue on limits for developmental players, with the union now proposing a six-year cap instead of no limit. The league has suggested four or five years based on minutes played.

The league has set a March 10 target to finalize a term sheet, warning delays could impact the 2026 season schedule.