March Madness: Court queens
The GIST: Women’s basketball (WBB) players reign supreme in the name, image and likeness (NIL) game. Of all athletes competing in the Final Four, women make up four of the top five in NIL value. They work hard for the money.
The details: UConn besties Paige Bueckers and Azzi Fudd, Louisville’s Hailey Van Lith and South Carolina’s Zia Cooke are the named four, with Bueckers and Van Lith outranking the lone male, Duke’s Paolo Banchero.
- Bueckers’ top spot is no surprise. She’s inching closer to an estimated $1 million in endorsements, and the approximate value of her social posts is a whopping $62.9K.
- And the sophomore’s certainly not done yet — she inked a deal with education tech company Chegg on Thursday.
Zooming out: WBB is second only to football in earned NIL compensation, thanks in part to a crucial tool — social media. Female ballers have successfully converted their content creation talents into value endorsements, particularly on women-dominated platforms Instagram and TikTok.
- What makes female athletes so valuable? They speak to America’s most influential consumers — women. A 2019 study found that women’s buying power and influence drives between 70% and 80% of all consumer purchasing. Investing in women just makes business sense.