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Erica Barris

๐Ÿ‘ค Speaker
228 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
Diary of a WNBA negotiator

What was that like?

Planet Money
Diary of a WNBA negotiator

Can you describe it?

Planet Money
Diary of a WNBA negotiator

What did she tell you?

Planet Money
Diary of a WNBA negotiator

She accounted for the fact that the NBA season has more games, the games themselves are longer, and there are fewer WNBA teams.

Planet Money
Diary of a WNBA negotiator

Then she crunched all those numbers and estimated that the average WNBA salary should be about a quarter to a third of the average NBA salary.

Planet Money
Diary of a WNBA negotiator

In reality, Claudia calculated, it was more like 1 80th.

Planet Money
Diary of a WNBA negotiator

So that is the pot of money that Alicia and her negotiating team decided to zero in on, revenue.

Planet Money
Diary of a WNBA negotiator

They wanted what's called revenue share, which Alicia says she didn't really understand in her rookie years.

Planet Money
Diary of a WNBA negotiator

So they sent their first proposal to the league in February of 2025.

Planet Money
Diary of a WNBA negotiator

And what they asked for was 40% of revenue to split between players.

Planet Money
Diary of a WNBA negotiator

We know now they were willing to settle for less.

Planet Money
Diary of a WNBA negotiator

But negotiators usually start out with something called an anchor number.

Planet Money
Diary of a WNBA negotiator

to influence the direction of negotiations.

Planet Money
Diary of a WNBA negotiator

By the way, NBA players get about 50% of rev share using a different system.

Planet Money
Diary of a WNBA negotiator

So they're going back and forth, and Alicia and the other negotiators are following along with help from, you could say, the Claudia Golden team, the math team.

Planet Money
Diary of a WNBA negotiator

We've actually been looking at a list of, quote, hard bargaining techniques on a Harvard Law School post about negotiation tactics, things negotiators might use in a situation like this.

Planet Money
Diary of a WNBA negotiator

Now, a source for the league told us, quote, we did not rely on negotiating tactics or anything of that nature.

Planet Money
Diary of a WNBA negotiator

But we think that some of the experiences Alicia told us about sound a little like some of the tactics on the list.

Planet Money
Diary of a WNBA negotiator

And Alicia said it really helped to have their own math in their pocket, especially when they thought the league was seriously lowballing them.