Life in plastic
From The GIST Sports Biz (hi@thegistsports.com)
Happy Friday!
Another day, another full slate of women’s sports wins. From a brilliant ticketing strategy to women racking up the Ws at the 17th annual Sports Business Awards, today’s newsletter is bursting with good news — and of course, the lowdown on a certain landmark NCAA ruling.
- Some more good news? It’s the long weekend. Enjoy your break and we’ll see you back here Wednesday.
WNBA
🧇 Unlimited mimosas, unlimited potential
The GIST: Despite a season marked by unprecedented growth for the WNBA, the Washington Mystics don’t have the same level of big-name recognition that’s helping some other teams sell out their arenas. What they do have, however, is a genius marketing strategy.
- Their four-game “Brunch & Basketball” series is stealing spotlights and filling seats while providing a lesson to front offices on how to successfully play the hand you’re dealt.
The context: Major offseason roster changes saw the Mystics start the year without a superstar. Two-time MVP Elena Delle Donne announced she would be sitting out the season a week after Washington’s all-time assist leader Natasha Cloud signed a new deal with the Phoenix Mercury.
- While the Mystics did very well in the 2024 draft by snagging UConn standout Aaliyah Edwards with their first-round pick, she doesn’t have the same pull as Chicago Sky’s Angel Reese, LA Sparks’ Cameron Brink, or Indiana Fever’s Caitlin Clark.
The precedent: Much like tailgating in football or the famous food at the Masters, this remixed approach to dinner theater is creating a fan experience — and you don’t have to be a raving Mystics fan to want to partake.
- For only $105, you get a lower level seat for the game, bottomless mimosas, chicken & waffles, and other brunch essentials.
The draw: The WNBA’s audience is already young and diverse, but this ticket package is, ahem, serving millennials and Gen Z what they want. Regardless of how the currently 0-4 Mystics finish the season, this is still a win for the organization because they were able to create a valuable, memorable, and repeatable experience during a rebuilding year.
- To further drive the point home, a recent Hilton report noted that these generations are drawn to unique and shareable dining experiences, which the Mystics are certainly providing. Proof that brunch is always a good idea.
NCAA
💸 It’s not the same as it was
The GIST: Yesterday, the NCAA Board of Governors and the Power Five conferences voted to settlement terms in House v. NCAA, the lawsuit claiming the NCAA’s pre–NIL ban on student-athlete compensation violated antitrust regulations. The settlement, if approved by the judge, will change college sports’ business model, creating industry-altering shockwaves.
The details: They’re still emerging, but sources say the NCAA will owe nearly $2.8B in damages (aka back pay) to Division I athletes who were barred from earning NIL money between 2016 and the 2021 NIL legalization. About $1.2B will come from the NCAA’s reserves, with the rest raised by withholding revenue distributions to conferences and schools for the next 10 years.
- More crucially, settling also means a new revenue-sharing model: Starting in fall 2025, schools can opt to distribute up to $20M of their own revenue directly to athletes each year — which many predict will become required spending to stay competitive at the most elite level. In other words, pay-for-play is officially here.
- This essentially kills the NCAA’s beleaguered amateurism model, but it doesn’t automatically make athletes official school employees (or grant them all the associated federal labor protections). There’s still lots of negotiating and lobbying to be done before that happens.
What it means: Even for Power Four programs with massive revenue streams, funneling up to $20M per year to athletes (not to mention losing NCAA–provided revenue) will require some major budget rearranging. And at smaller schools without powerhouse football programs, like those in the Big East and Big Sky conferences, that could mean cuts to sports and athlete resources.
- This could further deepen the disparity between major football schools and everyone else, making NCAA president Charlie Baker’s top-tier Division I proposal an increasingly likely scenario.
- As is, the settlement isn’t perfect. But if the NCAA hadn’t settled and then lost at the January 2025 trial, the penalties could put the org out of business for good.
What’s next: Even after a settlement, there will be many unanswered questions, particularly regarding the impact of revenue-sharing on non-revenue sports and female athletes. There’s also another active antitrust case, Fontenot v. NCAA, which could take things even further. No matter what happens, college sports will never be the same as it was.
Together With Armoire
💅 It’s time for a haul
Memorial Day Weekend means summer ’fits are just around the corner. Treat yourself to a new look, courtesy of Armoire, the busy woman’s favorite clothing rental service. Here are a few pieces that caught GIST HQ’s eye:
- And this Yumi Kim V-Neck Romper. So chic.
Plans start at just $89 a month for four pieces, with an unlimited option available for less than $250. Best of all, GISTers receive up to 50% off their first month of membership by using code THEGIST. Happy shopping.
⚽ NWSL Commissioner Jessica Berman becomes first woman to win Sports Executive of the Year
In just two short years as the commissioner of the NWSL, Berman navigated a systemic sexual misconduct investigation, signed two new expansion teams, helped the league championship air during primetime, and facilitated a landmark media rights deal worth $240 million over four years with CBS, ESPN, Prime Video, and Scripps Sports/ION.
- On top of all of her other accolades and accomplishments, she is also the first woman to win Executive of the Year in the 17-year history of the awards. Take a bow.
🏒 PWHL wins Sports Breakthrough of the Year after an expectation-shattering debut season
When Professional Women’s Hockey League (PWHL) Advisory Board member and friend of The GIST Billie Jean King accepted this award, she gave credit to the league’s 200+ employees and noted that she’s waited her whole life for moments like this — where women’s sports are seen as an investment, not a charity.
- Accomplishments from this first season included inking 40 partnerships with the likes of Discover, Bread Financial, and Barbie. The league also set a new record for pro women’s hockey attendance when over 21K fans descended on the Bell Center in April.
⚖️ Gender parity fuels Ally’s win as Sports Sponsor of the Year
When you achieve a five-year plan for equal spending in men’s and women’s sports three years ahead of schedule, it’s worth celebrating. Ally Financial set this goal in 2022 when they realized 90% of their sports budget was directed at men’s sports. Now within reach of 50/50, Ally is growing their reputation as a true ally in this space.
- Their work includes a key sponsorship of the NWSLPA, a first-of-its-kind SportsCenter takeover featuring an all-woman cast, crew, and athlete highlights, and ongoing advocacy campaigns, including one that allowed nearly 1 million fans to watch the 2022 NWSL Championship.
🏀 The WNBA’s newly-announced Toronto team will play their home games at the 8.5K-seat Coca-Cola Coliseum. Although the venue hosted the PWHL Toronto’s recent playoff series, it might need some upgrades before 2026.
🚼 For the first time ever, the Olympic and Paralympic Village in Paris will include a nursery thanks to consumer goods brand P&G — a huge win for parents competing at the Games.
🎉 In celebration of Barbie’s 65th anniversary, Mattel announced nine limited edition dolls inspired by pro women athletes on Wednesday, including tennis icon Venus Williams and soccer GOAT Christine Sinclair. Come on Barbie, let’s go level the playing field.
⚽ Camille Ashton stepped down as general manager of the KC Current, despite the squad’s undefeated start in the NWSL season.
🎤 ESPN is now streaming its new series Up For Debate: The Evolution of Sports Media, which features acclaimed women sports reporters like Mina Kimes, Jemele Hill, Hannah Storm, and Cari Champion.
📺 A new documentary co-produced by retired WNBA star Sue Bird, Power of the Dream, will premiere on Prime on June 18th. The film explores a group of WNBA players' 2020 fight against a former team owner that ultimately led to the flipping of a U.S. Senate seat. Now that’s power.
Together With Destination Toronto
Our very first IRL podcast, recorded in front of a live Toronto audience, is available free to stream on The GIST of It, thanks to our friends at Destination Toronto. You'll hear The GIST’s co-founder Ellen Hyslop and MLB reporting legend Hazel Mae dish on all things women’s sports, the business of sports, and of course, baseball.
- Why tape in Toronto? Because that’s where the idea for The GIST was born. Toronto is a bucket list destination for any sports fan and, with a thriving business community, is the perfect spot to host your company’s next big event or quarterly offsite.
So tune in to hear El share The GIST’s origin story, one made possible by Toronto’s global mindset, supportive startup community, and vibrant pro sports scene. A swing for the fences success.
Peep our squad’s MVPs (Most Valuable Picks):
🚬 Who’s smokin’ the competition
Kelsey Plum. The Las Vegas Ace turned her iconic championship celebration into an exclusive limited edition cigar deal. Plus, Under Armour created an “all smoke” colorway of the UA Breakthru 5 basketball shoe for her. Smoldering.
🥞 What to cook
Pancakes, with F1 driver Carlos Sainz’s perfect flapjack recipe. Delish.
⛳ What to watch
Happy Gilmore. Netflix announced last week that a TV sequel of the ’90s classic film is in the works, starring Will Ferrell. Tee up for laughs.
Today's email was brought to you by Rachel Fuenzalida, Katie Kehoe Foster, and Briana Ekanem. Fact checking by Bonnie Lee. Editing by Emily Ohman and Dee Lab. Operations by Elisha Gunaratnam and Lisa Minutillo. Ads by Katie Kehoe Foster and Alessandra Puccio. Managing edits by Ellen Hyslop.