The WNBA has postponed its draft as the league and the players' union attempt to hammer out a labor agreement, with the league threatening to cancel the 2003 season if no such agreement is reached by Friday. Say what you want, this is not about millionaires looking to get richer:
The league proposes to spend at least $8.624 million on player salaries for its 14 teams, with a 3 percent cost-of-living raise and a salary cap of $616,000 per team.
It wants to cut the rookie minimum from $30,000 last season to $25,000 and increase the veterans' minimum from $40,000 to $41,200.
The union wants a $750,000 salary cap for each team, with minimums set at $48,000 for veterans and $33,000 for rookies. Players made an average of $46,000 last season, excluding benefits, according to the union.