“Additional Marketing and Promotional Compensation” means the compensation in U.S. dollars that is paid or payable to a player pursuant to a WNBA Marketing and Promotional Agreement.

“Agreement” means this Collective Bargaining Agreement effective as of March 19, 2026.

“Authorized WNBA Footwear Supplier” (or “Authorized Footwear Supplier”) means an entity granted the right by WNBA Enterprises to outfit one or more WNBA players with logo-identified basketball footwear to be worn during WNBA games.

“Base Salary” means the salary that is set forth in Exhibit 1 to a Player Contract that is paid or payable in U.S. dollars to a WNBA player (including players whose Player Contracts have been terminated) for rendering services under such Contract.

“Bona Fide Exclusive Endorsement Agreement” means a binding agreement that: (i) is between a player and a Bona Fide Licensee authorizing or granting the Bona Fide Licensee the right to use the Player Attributes of such player exclusively on or in connection with a product or service; (ii) provides for the player to receive at least five thousand dollars ($5,000) annually; (iii) is submitted to WNBA Enterprises (along with a summary thereof in the form attached as Exhibit 3) prior to the January 1 before the Season for which the player seeks to have the Bona Fide Exclusive Endorsement Agreement applied to the activities set forth in Article XXVI, Section 1(a), Section 1(c) or Section 3; and (iv) once submitted, shall be kept *2 confidential by WNBA Enterprises. For clarity, Bona Fide Exclusive Endorsement Agreements identified in writing on or after the January 1 before the Season for which the player seeks to have the Bona Fide Exclusive Endorsement Agreements applied would not impact the WNBA or the player’s WNBA team’s rights under the License Agreement or this Agreement for that Season through the end of the calendar year. In the event that such use of Player Attributes continues beyond the end of the calendar year in violation of the immediately preceding sentence, the WNBA will use reasonable efforts to have the offending creative taken down (or the use of the Player Attributes limited to correct any such violation).

“Bona Fide Licensee” means an entity that (i) was, prior to entering into a Bona Fide Exclusive Endorsement Agreement, regularly engaged in the business of making or selling the products or services that are covered by such Bona Fide Exclusive Endorsement Agreement with the intention of earning a profit from such business, (ii) is commencing the business of making or selling the products or services covered by a Bona Fide Exclusive Endorsement Agreement, within one year of the player’s execution thereof, on a bona fide basis with the intention of earning a profit from such business or (iii) was, prior to entering into a Bona Fide Exclusive Endorsement Agreement, a bona fide tax exempt charitable organization that is making or selling the products or services covered by a Bona Fide Exclusive Endorsement Agreement for a legitimate charitable purpose and continues as a tax exempt charitable organization for the term of such Bona Fide Exclusive Endorsement Agreement. In the event of a dispute as to whether any license agreement entered into by a player is a Bona Fide Exclusive Endorsement Agreement, and not a bad faith attempt to defeat the grant of rights to WNBA Enterprises under this agreement, the burden of proof as to the agreement’s bona fide nature shall rest with the player. *3

“Commissioner” means the Commissioner of the WNBA.

“Contract” (see “Standard Player Contract”).

“Contracting Team” means any Team that, by decision of the WNBA or such Team, ceases operations as a member of the WNBA following the date of this Agreement.

“Core Player” means a player so designated in accordance with Article VI, Section 7.

“Draft” or “WNBA Draft” means the annual WNBA draft of Rookie players in accordance with Article XIII.

“Draft Picks” means First Round Picks, Second Round Picks, and Third Round Picks.

“Draft Rookie” (see “Rookie”).

“Exception” means an exception to the rule that a Team’s Team Salary may not exceed the Salary Cap.

“Exempted Item” means (i) authentic or replica WNBA uniforms (including, but not limited to, game uniforms, t-shirt and sweater replica jerseys, warm-ups, practicewear, shooting shirts, celebration shirts, hats, and other celebration items); (ii) trading cards, including derivative and collateral products and digital products and other printed products (e.g., posters); (iii) games (both electronic and non-electronic, including, but not limited to, video games, mobile games, and fantasy games); and (iv) commemorative items (in addition to any such items included in any of the foregoing sections of this definition) in which a player’s entire Team or other recognized group of Team members (e.g., the starting line-up) is depicted. *4

“Expansion Team” means any Team that becomes a member of the WNBA through expansion following the date of this Agreement and commences play during the term of this Agreement.

“Extension” means an amendment to a Player Contract lengthening the term of the Contract by adding one or more additional twelve-month periods, other than pursuant to the exercise of an Option.

“First Round Pick” means a player selected by a Team in the first round of the Draft.

“Free Agent” means: (i) a Veteran Free Agent; (ii) a Rookie Free Agent; (iii) a Veteran whose Player Contract has been terminated in accordance with the WNBA waiver procedure; or (iv) a player whose last Player Contract was a 7-Day Contract or a Replacement Contract, and who either completed the Contract by rendering the playing services called for thereunder or was released early from such Contract.

“Marketing and Promotional Agreements” means WNBA Marketing and Promotional Agreements.

“Mid Point of the Regular Season” means with respect to any WNBA Regular Season, the date that is halfway between the commencement and the conclusion of such Regular Season, calculated by taking the total number of calendar days of such Regular Season (including the day of the first Regular Season game and the day of the last Regular Season game), dividing that number by two (2), and, if the result is not a whole number, rounding up to the nearest whole number. *5

“Minimum Annual Salary” means the minimum salary that must be included in a Player Contract that covers the entire Regular Season in accordance with Article V, Section 7.

“Minimum Player Salary” means (i) with respect to a Player Contract that covers the entire Regular Season, the Minimum Annual Salary called for under Article V, Section 7; (ii) with respect to a Rest-of-Season Contract or a Replacement Contract, the Minimum Annual Salary called for under Article V, Section 7, multiplied by a fraction, the numerator of which is the number of days remaining in the WNBA Regular Season as of the date such Rest-of-Season Contract or Replacement Contract is entered into, and the denominator of which is the total number of days of that Regular Season; and (iii) with respect to a 7-Day Contract, the Minimum Annual Salary called for under Article V, Section 7, multiplied by a fraction, the numerator of which is seven (7) and the denominator of which is the total number of days of that Regular Season.

“Minimum Team Salary” means the amount of Team Salary, as set forth in Article VII, Section 1(c), that each Team must equal or exceed as of the last day of a Season.

“Negotiate” or “negotiate” means, with respect to a player or her representatives on the one hand, and a Team or its representatives on the other hand, to engage in any written or oral communication relating to the possible employment, or terms of employment, of such player by such Team as a basketball player, regardless of who initiates the communication.

“Non-Draft Rookie” (see “Rookie”). *6

“Off-Season” means the period beginning one day after the last game of a WNBA Season and continuing through the day prior to the first day of the following Season’s training camp.

“Off-Season Playing Obligation” means (i) a contract or agreement between a player and any entity that requires the player to play basketball in a professional basketball league other than the WNBA during the Off-Season and/or during a Season or (ii) any playing services provided by the player to any entity other than the WNBA, even if such services are not contractual and even if such entity is not a professional basketball league.

“Option Year” means the additional twelve-month period that is added to the term of the Standard Player Contract of certain Rookies if the option provided for in Article V, Section 4 is exercised by the Team.

“Picture” means all forms of audio, video, data or image reproduction, distribution or transmission whether now existing or hereafter created, including, but not limited to, still photographs, motion pictures, videocassettes, television images, computer and digital images, CD-ROM, and digital disc, in all cases whether live or on a delayed taped basis.

“Players Association” means the Women’s National Basketball Players Association.

“Player Attributes” means a player’s name, nickname, Picture, portrait, image, signature, voice or other identifiable attributes and, to the extent that she has rights therein, biographical data.

“Player Contract” (see “Standard Player Contract”).

“Prior Team” means the Team for which a player was last under Contract prior to becoming a Veteran Free Agent. *7

“Qualifying Offer” means an offer of a Standard Player Contract, signed by the Team that (i) is either personally delivered to the player or her representative or sent by email or prepaid certified, registered or overnight mail to the last known address of the player or her representative with a copy to the Players Association and the WNBA; (ii) is for a period of one year; (iii) may be conditioned, at the option of the Team, on the player submitting to and passing a physical examination in accordance with the provisions of Article V, Section 3(d); and (iv) provides for a Base Salary equal to: (A) for a Reserved Player, the applicable Minimum Player Salary (a “Reserved Qualifying Offer”); (B) for a Draft Rookie finishing her Rookie Scale Contract who is subject to a right of first refusal in accordance with Article VI, Section 5(a), 105% of the player’s fourth year Base Salary (together with (C) below, a “Rookie Scale Qualifying Offer”); (C) for a Draft Rookie finishing her Rookie Scale Contract who was named either WNBA Most Valuable Player or All WNBA First Team in either (x) the fourth year of her Rookie Scale Contract or (y) two out of the first three years of her Rookie Scale Contract who is subject to a right of first refusal in accordance with Article VI, Section 5(a), 105% of the player’s fourth year Base Salary plus an additional ten thousand dollars ($10,000); (D) for a player subject to a right of first refusal in accordance with Article VI, Section 5(b)-(d) the greater of the applicable Minimum Player Salary or the Base Salary contained in the last Season of the player’s prior Contract (a “Restricted Qualifying Offer”); and (E) for a player designated as a Core Player, the Maximum Player Salary pursuant to Article V, Section 8(c) (a “Core Qualifying Offer”). No Qualifying Offer may provide for any Base Salary protection, except that a Core Qualifying Offer must be fully protected for lack of skill and injury or illness.

“Qualifying Shoe Deal” means an exclusive agreement between a player and a shoe manufacturer that (i) provides for at least five thousand dollars ($5,000) in cash *8 payments annually to the player and (ii) has been filed (in whole or in a summary form that includes all material terms, but with the financial terms redacted) with the WNBA League Office at least seven (7) days before the start of the training camp preceding the applicable WNBA Season. The parties acknowledge that the date by which players must notify the WNBA League Office of a Qualifying Shoe Deal (the “Footwear Deadline”) is related to certain existing commercial agreements the WNBA has entered into with WNBA partners. The most significant of those commercial agreements is with the WNBA’s exclusive footwear supplier, which expires on December 31, 2037 (the “Footwear Agreement”). The WNBA agrees to consult with the Players Association prior to the expiration, early termination, extension, and/or modification related to the wearing of footwear by players on the court of the Footwear Agreement.

“Qualifying Veteran Free Agent” means a Veteran Free Agent who played under one or more Player Contracts covering some or all of each of the two preceding Seasons and either played exclusively with her Prior Team during such two Seasons, or, if she played with more than one Team during such period, changed Teams only (i) by means of assignment (including via the WNBA’s waiver procedure), or (ii) by signing with her Prior Team during the first of the two Seasons.

“Regular Contract” means a Contract other than a Player Development Contract.

“Regular Player” means a player signed to a Regular Contract.

“Regular Season” or “WNBA Regular Season” means, with respect to any Season, the period beginning on the first day and continuing through the last day of regularly scheduled (as opposed to exhibition or playoff) competition between WNBA Teams. *9

“Replacement Contract” means a Contract signed with a Replacement Player pursuant to the Hardship Exception, Emergency Hardship Exception, Pregnancy/Childbirth Exception, or Season-Ending Injury Exception set forth in Article VII, Section 4 or a roster hardship exception.

“Replacement Player” means a player who is signed by a Team pursuant to the Hardship Exception, Emergency Hardship Exception, Pregnancy/Childbirth Exception, or Season-Ending Injury Exception set forth in Article VII, Section 4.

“Required Tender” means an offer of a Rookie Scale Contract to a Draft Rookie, signed by the Team, that: (i) is either personally delivered to the player or her representative or sent by email or prepaid certified, registered, or overnight mail to the last known address of the player or her representative; (ii) provides the player with ten (10) days to accept; and (iii) may be conditioned, at the option of the Team, on the player submitting to and passing a physical examination in accordance with the provisions of Article V, Section 3(d).

“Reserved Player” means a Veteran Free Agent who is subject to a Team’s exclusive negotiating rights in accordance with Article VI.

“Restricted Free Agent” means a Veteran Free Agent who is subject to a Team’s right of first refusal in accordance with Article VI.

“Rookie” or “Rookie Player” means a person eligible to be a WNBA player pursuant to Article XIII, Section 1, who has never performed playing services under a Regular Player Contract with a WNBA Team.

“Rookie Free Agent” means: (i) a Draft Rookie who, pursuant to the provisions of Article XIII, is no longer subject to the exclusive negotiating rights of any Team, and who may be signed by any Team; or (ii) a Non-Draft Rookie who may be signed by any Team.

“Rookie Scale Amounts” means the amounts set forth in the tables set forth in Article VIII.

“Rookie Scale Contract” means the initial Regular Player Contract that can be offered to and entered into by a Rookie, in accordance with Article V.

“Room” means the amount by which a Team’s then-current Team Salary is less than the Salary Cap.

“Salary” means, with respect to a Salary Cap Year: (i) a player’s Base Salary with respect to the Season covered by such Salary Cap Year, provided that, for the purposes of calculating a player’s Salary: (a) the Base Salary for a player with four (4) or more Years of Service whose Contract provides for her applicable Minimum Player Salary for such Season shall be equal to the Minimum Player Salary for a player with 1 to 3 Years of Service (for clarity, any such adjustment to Salary would have no impact on the compensation paid to such player by her Team); and (b) a player’s Base Salary shall be calculated without regard to any reductions pursuant to Article XLI, Section 5; (ii) any trade bonus amount earned under the terms of the Contract that is allocated to such Salary Cap Year in accordance with Article VII, Section 7(c); and (iii) any other amount that is deemed to constitute Salary in accordance with *11 the terms of this Agreement, not including any portion of the player’s Base Salary that is attributable to another Salary Cap Year in accordance with this Agreement. Salary also includes any consideration received by a retired player that is deemed to constitute Salary in accordance with the terms of Article VII. The computation of a player’s Salary under this Agreement shall be made without regard to any reduction in Base Salary that results from the player’s suspension by the WNBA or her Team. Salary shall not include any Additional Marketing and Promotional Compensation paid or payable to a player.

“Salary Cap” means the maximum allowable Team Salary for each Team for a Salary Cap Year, subject to the rules and Exceptions set forth in this Agreement.

“Salary Cap Year” means the period from January 1 through the following December 31. The first Salary Cap Year under this Agreement shall be the 2026 Salary Cap Year and shall commence (retroactively) on January 1, 2026 and end on December 31, 2026. The 2027 Salary Cap Year shall commence on January 1, 2027 and end on December 31, 2027; the 2028 Salary Cap Year shall commence on January 1, 2028 and end on December 31, 2028; the 2029 Salary Cap Year shall commence on January 1, 2029 and end on December 31, 2029; the 2030 Salary Cap Year shall commence on January 1, 2030 and end on December 31, 2030; the 2031 Salary Cap Year shall commence on January 1, 2031 and end on December 31, 2031; and the 2032 Salary Cap Year shall commence on January 1, 2032 and end on December 31, 2032.

“Season” or “WNBA Season” means the period beginning on the first day of training camp and ending immediately after the last game of the WNBA Finals.

“Second Round Pick” means a player selected by a Team in the second round of the Draft. *12

“Standard Player Contract” or “Player Contract” or “Contract” means the standard form of written agreement between a player and a Team required for use in the WNBA by Article V below, pursuant to which such player is employed by a WNBA Team as a professional basketball player.

“Team” means any team that is a member of the WNBA.

“Team Affiliate” means:

“Team Salary” means, with respect to a Salary Cap Year, the sum of all Salaries attributable to a Team’s active and former players, plus other amounts included in Team Salary in accordance with the terms of this Agreement, and not including any amounts excluded from Team Salary in accordance with the terms of this Agreement.

“Third Round Pick” means a player selected by a Team in the third round of the Draft.

“Unrestricted Free Agent” means a Free Agent who is not subject to a Team’s right of first refusal or exclusive negotiating rights.

“Veteran” or “Veteran Player” means a person who is eligible to be a WNBA player pursuant to Article XIII, Section 1, and is not a Rookie.

“Veteran Free Agent” means a Veteran who completed her Player Contract (other than a 7-Day Contract or a Replacement Contract) by rendering the playing services called for thereunder.

“WNBA” or “Women’s National Basketball Association” means WNBA, LLC, a Delaware limited liability company.

Regular Season and playoff games), All-Star Games and associated games and skills competitions, and any tour, tournament or exhibition scheduled by the WNBA.

“WNBA Enterprises” means WNBA Enterprises, LLC, a Delaware limited liability company. *14

“WNBA Marketing and Promotional Agreement” means a written agreement entered into between the WNBA and a player in accordance with Article XXXIV, Section 1, whereby such player, in exchange for Additional Marketing and Promotional Compensation, agrees to perform marketing and promotional services for the WNBA and WNBA Enterprises (in addition to any services required by such player’s Player Contract, or this Agreement) that, during the term of such WNBA Marketing and Promotional Agreement, shall: (i) restrict the ability of such player to play in another professional basketball league during the Off-Season; (ii) require such player to make additional appearances on behalf of the WNBA, WNBA Enterprises, or their sponsors or licensees; (iii) permit the WNBA, WNBA Enterprises, or their sponsors or licensees to use such player’s Player Attributes individually on a non-exclusive basis; and (iv) require such player to comply with reasonable content creation and social media distribution requests of the player by the Team or sponsor. The WNBA Marketing and Promotional Agreement may also require such player to perform non-management “front-office” services for the WNBA or any of its affiliates.

“WNBA Sponsor” (or “Sponsor”) means an entity that has been granted the right by WNBA Enterprises to use the designation “Official Sponsor of the WNBA” and/or to conduct marketing and/or promotional programs using WNBA names, trademarks and/or logos.

“Years of Service” means the number of years of WNBA service credited to a player in accordance with the following: a player will be credited with one year of WNBA service for each year that she is signed to a Standard Player Contract to play for a WNBA Team, but only if she is on the active list of a WNBA Team for the start, or for any portion, of the Regular Season for which she is signed. Notwithstanding the above, a player will not receive *15 credit for a Year of Service for any year in which she: (i) withholds playing services called for by a Player Contract for more than twenty-one (21) days after the Season begins (provided that, for purposes of this provision, days of the Season missed by a player pursuant to an exception to the WNBA prioritization rules in accordance with Article XIV, Section 4(c) shall not be considered days for which the player has withheld playing services called for by her Player Contract); (ii) is signed only to one or more 7-Day Contracts or Player Development Contracts, (iii) is signed only to one (1) or more Replacement Contracts, that, in aggregate, cover fewer than seven (7) Regular Season games during such Season; or (iii) is a Restricted Free Agent as of July 20. In addition, notwithstanding the above, a player will not receive credit for a Year of Service for a Player Contract that is voided due to the player’s failure to pass a physical examination or that is disapproved by the Commissioner, except that disapproval of a Player Contract by the Commissioner shall not prevent a player from obtaining a Year of Service that she would otherwise be qualified to receive, if the player was eligible to participate and dressed to play in a Regular Season game in the Season during which such disapproval occurred. In no event can a player be credited with more than one (1) Year of Service with respect to any one WNBA Season. A Year of Service will be credited to a player on the day following the Season with respect to which it is being credited. Under no circumstances shall the definition of Years of Service herein be used for purposes of determining a player’s years of “WNBA playing service” under the WNBA 401(k) Plan. *16

Upon written notification to the WNBA by the Players Association that a player has not paid any initiation fee, dues or the equivalent service fee in violation of Section 1 *18 of this Article, the WNBA will raise the matter for discussion with the player and her Team. If there is no resolution of the matter within seven (7) days, the Team will, upon the written request of the Players Association, suspend the player without pay, wherever legal. Such suspension will continue until the Players Association has notified the Team in writing that the suspended player has satisfied her obligation as set forth in Section 1 of this Article. The parties hereby agree that suspension without pay is adopted as a substitute for and in lieu of discharge as the penalty for a violation of Section 1 above and that no player will be discharged for a violation of that Section. A copy of all notices required by this Section will be simultaneously mailed to the player involved and the WNBA.

For purposes of this Article, a person shall be deemed to be a “member in good standing” of the Players Association if she has made the payment of the dues or any initiation fee (or equivalent service fee) as provided for by Section 1 above, and such status shall not be based on any other factors involved in union discipline.

Other than pursuant to Section 2 above, no Team shall pay any initiation fees, dues, or equivalent service fee on behalf of any player.

Except as provided in Sections 3, 9, 10, 11, and 12 of this Article and in Article VII, Section 5, no amendments of any kind to the form or the terms of the Standard Player Contract provided for by Section 1 of this Article shall be permitted.

If a Team and a player enter into (i) a Standard Player Contract containing an amendment not specifically permitted by this Agreement or (ii) a subsequent amendment to an existing Player Contract when such amendment is not specifically permitted by this Agreement, then such Contract or subsequent amendment, as the case may be, shall be disapproved by the Commissioner and rendered null and void.

Once executed by the player and the Team, a Player Contract may not be amended or changed in any manner except pursuant to Section 3(e), (g)(iii) below or Article VII, Section 5.

Notwithstanding anything to the contrary in this Section 2, a player may unilaterally change the form of the Standard Player Contract by deleting paragraph 6(d) thereof in its entirety.

By agreeing upon provisions (to be set forth in Exhibit 1 to a Standard Player Contract) setting forth the Base Salary to be paid to the player for each Season of the Contract for rendering the services described in such Contract.

By agreeing upon provisions (to be set forth in Exhibit 2 to a Standard Player Contract) stating that the Base Salary provided for by the Standard Player Contract shall be, in whole or in part, and subject to any conditions or limitations, protected in the event that the Contract is terminated by the Team by reason of the player’s: (i) lack of skill; (ii) disability or unfitness to play skilled basketball resulting from a basketball-related injury (“basketball-related injury”); (iii) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during a WNBA Season (“in-Season injury or illness”); (iv) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during the term of the Contract (“injury or illness”); (v) mental disability or mental illness; and/or (vi) death; provided, however, that no Team, at any one time, may be a party to, or have any obligations to pay Base Salary under, more than seven (7) Player Contracts that contain Base Salary protection of any kind during the then-current or any future Season. For purposes of the preceding sentence: (i) any outstanding Offer Sheet that provides for Base Salary protection of any kind shall count against the per-team limit of seven (7) Player Contracts containing Base Salary protection of any kind; (ii) the Player Contract of a player who has been suspended for the entire final Season of such Player Contract pursuant to Article XIV, Section 6 or Article XX, Section 1(c) shall not count against the per-team limit of seven (7) Player Contracts containing Base Salary protection of any kind; and (iii) any Rookie Scale Contract that contains Base Salary protection (including if the Base Salary was renegotiated pursuant to Article VII, Section 5(c)(ii)) shall not count against the per-team limit of seven (7) Player Contracts *22 containing Base Salary protection of any kind (for clarity, the foregoing exception shall only apply with respect to and during the four Seasons of a Rookie Scale Contract and shall not apply with respect to or during the extended term of any Rookie Scale Contract that has been extended. The percentage of Base Salary in a Player Contract that is protected for a Season may not exceed the percentage of Base Salary that is protected for any Season prior to such Season (for example, if the Base Salary for the third Season of a Player Contract is fully protected, then the Base Salary for the first and second Seasons of such Contract must also be fully protected). However, the foregoing does not prevent a Player Contract from providing for a percentage of Base Salary protection for a Season that is higher than the percentage of Base Salary that is protected for a prior Season if the higher percentage of Base Salary protection for such later Season is conditional and the condition cannot be satisfied until the completion of such prior Season.

By agreeing upon provisions (to be set forth in Exhibit 3 to a Standard Player Contract) limiting or eliminating the player’s right to receive her Base Salary (in accordance with Section 6(a)(i)(y) and Section 6(c) of this Article) when the player’s disability or unfitness to play skilled basketball is caused by the re-injury of one or more injuries sustained prior to, or by the aggravation of one or more conditions that existed prior to, the execution of the Standard Player Contract providing for such Base Salary.

By agreeing upon provisions (to be set forth in Exhibit 5 to a Standard Player Contract) establishing that the player must report for and submit to a physical examination to be performed by a physician designated by the Team, subject to the provisions of Section 15(i) below. For clarity, a Player Contract may omit Exhibit 5.

By agreeing upon provisions for the purpose of terminating an already-existing Standard Player Contract prior to the expiration of its stated term, stating as follows: *23 (i) the Team will request waivers on the player immediately following the Commissioner’s approval of such amendment; and (ii) should the player clear waivers and her Contract thereupon be terminated, the amount of any Base Salary protection contained in the Contract will immediately be reduced or eliminated. In addition to the foregoing, the parties may also agree that as a result of the termination of the Contract, the Team’s right of set-off under Article XXX of this Agreement will be modified or eliminated.

By agreeing upon provisions (to be set forth in Exhibit 7 to a Standard Player Contract) stating that the Contract will be traded to another Team within forty-eight (48) hours of its execution, such trade and the consummation of such trade to be conditions precedent to the validity of the Contract; provided that any Player Contract that provides for a Base Salary for the first Season of more than the Standard Maximum Salary may not contain an Exhibit 7.

By agreeing upon provisions (to be set forth in Exhibit 8 to any Standard Player Contract) entitling a player to earn compensation if the player’s Standard Player Contract is traded (“trade bonus”) to another WNBA team subject to the following:

The Rookie Scale Contract between a Team and a Draft Rookie: (i) shall be for an initial term covering three (3) Seasons and the immediately succeeding Off-Seasons; (ii) shall provide a Base Salary in each Season as set forth in Article VIII; (iii) shall only contain Base Salary protection as set forth in Section 4(e) below; (iv) may contain the amendments authorized by Section 3(c), 3(d), and 3(e) above; and (v) shall contain an option (to be set forth in Exhibit 4 to a Standard Player Contract) that may be exercised by the Team to extend the term of the Contract for one additional twelve-month period beyond its initial term. Such option shall be exercisable by the Team, in its sole discretion, by written notice to the player or her representative on or before the May 1 following the second Season covered by the Contract (provided that, for clarity, the foregoing shall in no way affect the terms of any Exhibit 4 to a Rookie Scale Contract signed prior to the effective date of this Agreement). If such option is exercised by the Team, the terms and conditions of the Contract for the Option Year will be the same as those for the third year of the Contract, except that the Base Salary to be paid to the player for the Option Year shall be as set forth in Article VIII.

The Rookie Scale Contract between a Team and a Non-Draft Rookie: (i) shall be for an initial term of up to but no more than two (2) Seasons (and the immediately succeeding Off-Seasons); (ii) shall provide a Base Salary in each Season as set forth in Article VIII; (iii) shall not contain Base Salary protection of any kind; and (iv) may contain the amendments authorized by Sections 3(c) and 3(d) above.

If a Rookie Scale Contract is entered into during any Regular Season, the applicable Base Salary (as set forth in Article VIII) for such Season shall be reduced so as to equal the Base Salary as set forth in Article VIII multiplied by a fraction, the numerator of which is the number of days remaining in the Regular Season when the Contract is executed and the *26 denominator of which is the total number of days of the Regular Season. If a Rookie Scale Contract with a Draft Rookie is entered into after the conclusion of the first Regular Season following the Draft in which such player was drafted, such Contract shall provide a Base Salary in each Season as set forth in Article VIII for players drafted in the same draft position in the Draft immediately prior to the first Regular Season covered by such Contract.

Pre-Existing Sponsorship, Endorsement and Licensing Agreements. Each player must disclose all sponsorship, endorsement and licensing agreements (including all agreements with respect to footwear) that the player entered into prior to the execution of her Player Contract and that will be in effect during the term of such Contract. Such agreements shall be listed in Exhibit 6 to a Standard Player Contract, and copies of the agreements shall be attached to that Exhibit 6. Except as required under the License Agreement, players shall not be required to disclose the financial terms of such agreements and may redact such terms from the agreements attached to the Exhibit 6. Notwithstanding the foregoing, no footwear agreement shall be treated as a Qualifying Shoe Deal unless the player provides a written representation (in Exhibit 6 or otherwise) that such agreement is an exclusive agreement between the player and a shoe manufacturer that provides for at least five thousand dollars ($5,000) in cash payments annually to the player.

Each Rookie Scale Contract entered into during the term of this Agreement shall provide for Base Salary protection for lack of skill and injury or illness in accordance with the following:

Lack of Skill. When a Team agrees to protect, in whole or in part, the Base Salary provided for by a Standard Player Contract in the event such Contract is terminated by the Team by reason of *28 the player’s lack of skill, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 to the Standard Player Contract, and subject further to Article XXXIII, Section 3(b), and notwithstanding the provisions of Sections 6(a)(i)(x), 6(a)(i)(y), 6(e), and 6(f) of this Article, the termination of such Contract by the Team on account of the player’s failure to exhibit sufficient skill or competitive ability shall in no way affect the player’s right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, that: (i) such lack of skill does not result from the player’s participation in activities prohibited by paragraph 10 of the Standard Player Contract, attempted suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of or addiction to prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest or nolo contendere), participation in any riot, insurrection or war or other military activities, or failure to comply with the requirements of Article XX, Section 1, 2(a) and 2(b); and (ii) at the time of the player’s failure to render playing services, the player is not in material breach of such Contract.

Basketball-Related Injury. When a Team agrees to protect, in whole or in part, the Base Salary provided for in a Standard Player Contract in the event such Contract is terminated by the Team by reason of the player’s disability or unfitness to play skilled basketball resulting from a basketball-related injury, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 and/or Exhibit 3 to such Contract (in addition to the conditions and limitations set forth in this Article V, Section 5(b), and subject further to Article XXXIII, Section 3(b), and notwithstanding the provisions of Sections 6(a)(i)(y), 6(c), 6(d), 6(e) 6(f), and 6(g) of this Article, the termination of such Contract by the Team because the player has been disabled *29 and/or is unfit to play skilled basketball as a direct result of an injury sustained while participating in any basketball practice or game played for the Team, or in any other basketball activity in which the player is required to participate under her Player Contract, shall in no way affect the player’s right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, however, that (i) such injury does not result from the player’s participation in activities prohibited by paragraph 10 of the Standard Player Contract, attempted suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of or addiction to prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest or nolo contendere) or participation in any riot, insurrection or war or other military activities, or failure to comply with the requirements of Article XX, Sections 1, 2(a) and 2(b); (ii) at the time of such injury, the player is not in material breach of such Contract; (iii) if the Team, for its own benefit, seeks to procure an insurance policy covering the player’s injury, the player cooperates with the Team in procuring such an insurance policy, including by, among other things, supplying all information requested of her, completing application forms, or otherwise and submitting to all examinations and tests requested of her by or on behalf of the insurance company in connection with the Team’s efforts to procure such policy; and (iv) if the Team, for its own benefit, has procured such an insurance policy, the player cooperates (in the manner described above) with the Team and the insurance company in the processing of the Team’s claim under such policy.

In-Season Injury or Illness. When the Team agrees to protect, in whole or in part, the Base Salary provided for in a Standard Player Contract in the event such Contract is terminated by the Team by reason *30 of the player’s disability or unfitness to play skilled basketball resulting from any injury, illness or disability suffered by the player during a WNBA Season, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 and/or Exhibit 3 to such Contract (in addition to the conditions and limitations set forth in this Article V, Section 5(c), and subject further to Article XXXIII, Section 3(b)), and notwithstanding the provisions of Sections 6(a)(i)(y), 6(c), 6(d), 6(e) 6(f), and 6(g) of this Article, the termination of such Contract by the Team on account of an injury, illness or disability suffered or sustained by the player during the WNBA Season shall in no way affect the player’s right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, however, that (i) such injury or illness does not result from the player’s participation in activities prohibited by paragraph 10 of the Standard Player Contract, attempted suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of or addiction to prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest or nolo contendere) or participation in any riot, insurrection or war or other military activities, or failure to comply with the requirements of Article XX, Section 1, 2(a) and 2(b); (ii) at the time of such injury, illness, or disability, the player is not in material breach of such Contract; (iii) if the Team, for its own benefit, seeks to procure an insurance policy covering the player’s injury, illness and/or disability, the player cooperates with the Team in procuring such an insurance policy, including by, among other things, supplying all information requested of her, completing application forms, or otherwise and submitting to all examinations and tests requested of her by or on behalf of the insurance company in connection with the Team’s efforts to procure such policy; and (iv) if the Team, for its own benefit, has procured such an insurance policy, the player cooperates (in *31 the manner described above) with the Team and the insurance company in the processing of the Team’s claim under such policy.

Injury or Illness. When a Team agrees to protect, in whole or in part, the Base Salary provided for in a Standard Player Contract in the event such Contract is terminated by the Team by reason of the player’s disability or unfitness to play skilled basketball resulting from any injury, illness or disability suffered by the player during the term of her Contract, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 and/or Exhibit 3 to such Contract (in addition to the conditions and limitations set forth in this Article V Section 5(d)), and subject further to Article XXXIII, Section 3(b), and notwithstanding the provisions of Sections 6(a)(i)(y), 6(c), 6(d), 6(e) 6(f), and 6(g) of this Article, the termination of such Contract by the Team on account of an injury, illness or disability suffered or sustained by the player during the term of her Contract shall in no way affect the player’s right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, however, that (i) such injury or illness does not result from the player’s participation in activities prohibited by paragraph 10 of the Standard Player Contract, attempted suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of or addiction to prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest or nolo contendere) or participation in any riot, insurrection or war or other military activities, or failure to comply with the requirements of Article XX, Section 1, 2(a) and 2(b); (ii) such injury, illness or disability does not occur during any period in which the player is under an Off-Season Playing Obligation (with such period deemed to commence, for the purposes of this subsection (ii), no sooner than the *32 start of the applicable Off-Season) and does not result, directly or indirectly, from the activities engaged in by the player in connection with her satisfaction of such Off-Season Playing Obligation; (iii) at the time of such injury, illness, or disability, the player is not in material breach of such Contract; (iv) if the Team, for its own benefit, seeks to procure an insurance policy covering the player’s injury, illness and/or disability, the player cooperates with the Team in procuring such an insurance policy, including by, among other things, supplying all information requested of her, completing application forms, or otherwise and submitting to all examinations and tests requested of her by or on behalf of the insurance company in connection with the Team’s efforts to procure such policy; and (v) if the Team, for its own benefit, has procured such an insurance policy, the player cooperates (in the manner described above) with the Team and the insurance company in the processing of the Team’s claim under such policy.

Death. When a Team agrees to protect, in whole or in part, the Base Salary provided for in a Standard Player Contract in the event such Contract is terminated by the Team, pursuant to Article V, Section 6(a)(ii), by reason of the player’s failure to render her services thereunder, if such failure has been caused by the player’s death, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 to the Standard Player Contract (in addition to the conditions and limitations set forth in this Article V Section 5(e)), or expressly set forth elsewhere in this Agreement, notwithstanding the provisions of Sections 6(a)(i), 6(c), 6(d), 6(e) 6(f), and 6(g), the termination of such Contract by the Team shall in no way affect the player’s (or her estate’s or duly appointed beneficiary’s) right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, however, that: (i) such death does not result from the player’s participation in activities prohibited by Paragraph 10 of the *33 Standard Player Contract, suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest, or nolo contendere), participation in any riot, insurrection, or war or other military activities, or failure to comply with the requirements of Article XX, Section 1, 2(a) and 2(b); (ii) at the time of the player’s failure to render playing services, the player is not in material breach of such Contract; (iii) if the Team, for its own benefit, seeks to procure an insurance policy covering the player’s death, the player cooperates with the Team in procuring such an insurance policy, including by, among other things, supplying all information requested of her, completing application forms, or otherwise and submitting to all examinations and tests requested of her by or on behalf of the insurance company in connection with the Team’s efforts to procure such policy; and (iv) if the Team, for its own benefit, has procured such an insurance policy, the player’s estate or duly appointed beneficiary cooperates (in the manner described above) with the Team and the insurance company in the processing of the Team’s claim under such policy.

Mental Disability or Mental Illness. When a Team agrees to protect, in whole or in part, the Base Salary provided for in a Standard Player Contract in the event such Contract is terminated by the Team, pursuant to Article V, Section 6(a)(ii), by reason of the player’s failure to render her services thereunder, if such failure has been caused by the player’s mental disability or mental illness, such agreement shall mean that, subject to any conditions or limitations set forth in Exhibit 2 to the Standard Player Contract (in addition to the conditions and limitations set forth in this Article V Section 5(f)), or expressly set forth elsewhere in this Agreement, notwithstanding the *34 provisions of Sections 6(a)(i), 6(c), 6(d), 6(e) 6(f), and 6(g), the termination of such Contract by the Team shall in no way affect the player’s (or her duly appointed legal representative’s) right to receive, in whole or in part, the Base Salary payable pursuant to Exhibit 1 of such Contract; provided, however, that: (i) such mental disability or mental illness does not result from the player’s participation in activities prohibited by Paragraph 10 of the Standard Player Contract, attempted suicide, intentional self-inflicted injury, abuse of alcohol, use of any Prohibited Substance or controlled substance, abuse of prescription drugs, conduct occurring during the commission of any felony for which the player is convicted (including a plea of guilty, no contest, or nolo contendere), participation in any riot, insurrection, or war or other military activities, or failure to comply with the requirements of Article XX, Section 1, 2(a) and 2(b); (ii) at the time of the player’s failure to render playing services, the player is not in material breach of such Contract; (iii) if the Team, for its own benefit, seeks to procure an insurance policy covering the player’s mental disability or mental illness, the player cooperates with the Team in procuring such an insurance policy, including by, among other things, supplying all information requested of her, completing application forms, or otherwise and submitting to all examinations and tests requested of her by or on behalf of the insurance company in connection with the Team’s efforts to procure such policy; and (iv) if the Team, for its own benefit, has procured such an insurance policy, the player cooperates (in the manner described above) with the Team and the insurance company in the processing of the Team’s claim under such policy.

No agreement by a Team to protect, in whole or in part, the Base Salary provided for by a Standard Player Contract shall require (or be construed as requiring) such Team to continue the player on the Team’s roster; nor shall any such agreement afford the player *35 any right to continue, or to be deemed as having continued, on such Team’s roster for any purpose.

Notwithstanding any other provision of this Agreement, when a Team agrees to protect, in whole or in part, the Base Salary provided for by a Standard Player Contract, and such protection is contingent on the satisfaction of a condition set forth in Exhibit 2 to that Contract, such protection shall be applicable and effective only if the Contract has not previously been terminated at the time such condition is satisfied.

In addition to any other grounds for termination that are expressly set forth in this Agreement or the Standard Player Contract, a Player Contract may be terminated by a Team at any time without further obligation on the part of either party, upon written notice to the player, if she:

Prior to terminating a player’s Standard Player Contract, a Team must offer to assign the player to the other WNBA Teams pursuant to the WNBA waiver procedures then in effect; provided, however, that a Team shall not offer to assign the player pursuant to the waiver procedures if the Contract being terminated is a 7-Day Contract or a Player Development Contract. *37

Subject to Article XXXIII, Section 3(b), if a Team terminates a player’s Standard Player Contract by reason of the player’s failure to render her services hereunder due to a disability caused by an injury to the player resulting directly from her rendering playing services for the Team or WNBA and rendering her unfit to play skilled basketball, and notice of such injury is given by the player as provided in Article XX, Section 2, the player shall be entitled to receive the remainder of her full Base Salary for the Season in which the injury was sustained, less all workers’ compensation benefits (which, to the extent permitted by law, and if not deducted from the player’s Base Salary by the Team, shall be deemed as having been assigned to the Team) and any insurance provided for by the Team paid or payable to the player by reason of such injury (except if such terminated Contract is a Player Development Contract, the player shall instead be entitled to receive the remainder of her full Base Salary, less all workers’ compensation benefits (which, to the extent permitted by law, and if not deducted from the player’s Base Salary by the Team, shall be deemed as having been assigned to the Team) and any insurance provided for by the Team paid or payable to the player by reason of such injury, until such time as the player is fit to play skilled basketball, but not beyond the Season during which such termination occurred).

Notwithstanding the provision of Section 6(c) above, if a Team terminates a player’s Standard Player Contract prior to the first game of a Regular Season by reason of the player’s failure to render her services thereunder due to an injury or condition sustained or suffered during a preceding Season, or after such Season but prior to the Player’s participation in any basketball practice or game played for the Team, payment of the player’s lodging and meal expense allowance during the training camp period, payment of the reasonable traveling *38 expenses of the player to her home city, and the expert training and coaching provided by the Team to the player shall be full payment to the player.

Notwithstanding the provisions of Section 6(a)(i) or Section 6(c) above, if a Team terminates a player’s Standard Player Contract that is a Training Camp Contract (as that term is defined in Article VII, Section 2(g)) prior to the first game of the Regular Season by reason of (i) the player’s lack of skill where at the time of such termination, the player is unfit to play skilled basketball as the result of an injury resulting directly from her rendering playing services for the Team, or (ii) the player’s failure to render her services due to an injury to the player resulting directly from her rendering playing services for the Team or WNBA and rendering her unfit to play skilled basketball, then, in either case, payment of the player’s lodging and meal expense allowance during the training camp period, payment of the reasonable traveling expenses of the player to her home city, and the expert training and coaching provided by the Team to the player shall be full payment to the player; provided, however, that: (i) the Team shall pay directly or reimburse any medical expenses directly related to the injury sustained (or aggravated) during such Season pursuant to Article XX, Section 4, and (ii) if the player elects to remain in the Team’s home city during her rehabilitation and/or recovery from such injury, the Team will provide reasonable housing for such player during such rehabilitation and/or recovery period not to exceed eight (8) weeks from the termination of such Training Camp Contract.

If a Team terminates a player’s Standard Player Contract during the training camp period, and the provisions of Section 6(a)(i)(y) above do not apply, payment of the player’s lodging and meal expense allowance during the training camp period, payment of the *39 reasonable traveling expenses of the player to her home city, and the expert training and coaching provided by the Team to the player shall be full payment to the player.

Subject to Sections 6(a)(i)(x), 6(a)(i)(y) and 6(c) above, if a Team terminates a player’s Standard Player Contract during any Regular Season, all obligations of the Team to pay compensation thereunder shall cease on the date of termination, except the player shall be entitled to receive, as full compensation for her services thereunder, a prorated portion of her Base Salary based upon the number of days of the Regular Season that such player was under Contract with the Team, plus, if such terminated Contract was a Player Development Contract at the time of the termination, any Active Games Bonus earned by the player. Notwithstanding the preceding sentence, in circumstances within which a Team requests waivers on a player prior to the first day of a Regular Season but the player’s Contract is terminated on or after the first day of the Regular Season, the Team’s obligations to the player shall be as set forth in Section 6(f) above rather than as set forth in this Section 6(g).

In the event of an alleged default by a Team in the payments to the player provided for in such player’s Standard Player Contract, or in the event of an alleged failure by a Team to perform any other material obligation that it agreed to perform under such Contract, the player shall notify the Team in writing of the facts constituting such alleged default or alleged failure. If the Team shall not cause such alleged default or alleged failure to be remedied within ten (10) business days after receipt of such written notice, the player shall have the right to request that the dispute concerning such alleged default or alleged failure be referred immediately to arbitration in accordance with Article XXII, Section 4 of this Agreement. If, as a result of such arbitration, an award issues in favor of the player, and if the Team does not comply with such award within ten (10) business days of its receipt thereof (unless such award has been *40 stayed or reversed by appropriate legal process), the player shall have the right, by a further written notice to the Team, to terminate her Standard Player Contract.

Nothing in this Section 7 shall alter the respective rights and liabilities of a player and a Team, as provided for in this Agreement or a Standard Player Contract, with respect to the termination of a Player Contract.

Every Player Contract entered into between a player and Team that is intended to provide for only the Minimum Player Salary for one or more Seasons must contain the following sentence in Exhibit 1 of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Salary for the *41 ________ Season(s) equal to the Minimum Player Salary for such Season(s) and shall be deemed amended to the extent necessary to so provide.”

In the event that the Base Salary in any Player Contract entered into prior to the effective date of this Agreement and covering the 2026 Season and, if applicable, any Season thereafter (an “Existing Contract”) is below the Minimum Annual Salary, the Base Salary in such Player Contract shall be automatically adjusted so that the Base Salary in 2026 and, if applicable, any Season thereafter shall equal the applicable Minimum Annual Salary. Nothing herein shall in any way prevent a Team from terminating an Existing Contract at any time.

In the event that, beginning with the 2027 Salary Cap Year, in two consecutive Salary Cap Years the Salary Cap for the applicable Salary Cap Year increases over the Salary Cap for the immediately preceding Salary Cap Year by the maximum amount permitted pursuant to Article VII, Section 1(a)(ii), then the WNBA and Players Association will discuss in good faith potential modifications to the amounts set forth in Section 7(a) above, with any such modifications to take effect no sooner than the Salary Cap Year following the second of such consecutive Salary Cap Years.

The “Supermax Salary” for a Salary Cap Year shall equal twenty percent (20%) of the Salary Cap for such Salary Cap Year.

The “Standard Maximum Salary” for a Salary Cap Year shall equal seventeen percent (17%) of the Salary Cap for such Salary Cap Year.

No Standard Player Contract shall provide for a Base Salary for any Season covered by a Salary Cap Year of more than the “Maximum Player Salary” for such Contract for such Salary Cap Year. The Maximum Player Salary for a Contract for a Salary Cap Year shall be the Standard Maximum Salary for such Salary Cap Year, except that, with respect *42 to the following Player Contracts only, the Maximum Player Salary for a Salary Cap Year shall be the Supermax Salary for such Salary Cap Year:

The Maximum Player Salary for any Contract entered into during any Regular Season hereunder shall be reduced so as to equal the Maximum Player Salary multiplied by a fraction, the numerator of which is the number of days remaining in the Regular Season when the Contract is executed and the denominator of which is the total number of days of the Regular Season. *43

Notwithstanding any other provision of this Agreement, if a trade of a Standard Player Contract would, by reason of a trade bonus contained in such Contract, cause the player’s Salary (including allocated trade bonus amount) in the Salary Cap Year in which such trade occurs to exceed the player’s applicable Maximum Player Salary, then such player’s trade bonus (i.e., the amount of the trade bonus payable to the player) shall be deemed amended to the extent necessary to ensure that the player’s Salary (including allocated trade bonus amount) in the current and all remaining Salary Cap Years does not exceed the player’s applicable Maximum Player Salary.

If, on February 1 of a Salary Cap Year, the Salary provided for by a Player Contract for the Season covered by such Salary Cap Year exceeds the Maximum Player Salary in respect of such Contract for such Salary Cap Year, then such Contract shall be deemed amended to provide for Base Salary for such Season equal to such Maximum Player Salary for such Salary Cap Year.

Player Development Salary.

Roster Limitations.

Base Salary Protection. A Player Development Contract shall not contain Base Salary protection of any kind. *47

Contract Term. The term of a Player Development Contract may not exceed one (1) Season.

Eligibility. A player may only be eligible to enter into a Player Development Contract for a Season if the player has (i) fewer than four (4) Years of Service, or (ii) fewer than six (6) Years of Service and played at least one (1) and fewer than one hundred sixty (160) minutes during the Regular Season immediately prior to such Season.

Regular Contract Conversion Option. Every Player Development Contract shall provide the Team with an option to convert the Player Development Contract during its term to a Regular Contract that provides for a Base Salary equal to the player’s applicable Minimum Player Salary (as of the date such option is exercised) and a term equal to the remainder of the original term of the Player Development Contract beginning on the date such option is exercised (“Regular Contract Conversion Option”). For the day the Regular Contract Conversion Option is exercised, the player shall be compensated only under the new Regular Contract, and not under the Player Development Contract. The Regular Contract Conversion Option may be exercised at any point during the period beginning at the time the Player Development Contract is signed and ending just prior to the start of the Team’s last Regular Season game during the Season covered by such Contract. Upon conversion, such Contract shall become a Regular Contract and shall no longer be governed by the provisions of this Agreement governing Player Development Contracts. In order to exercise a Regular Contract Conversion Option, a Team must have Room or an Exception for the Regular Contract. To effectuate the requirements set forth in the preceding sentences, every Player Development Contract must contain the following language in Exhibit 1A of such Contract: “Regular Contract Conversion Option. Team shall have the option to convert this Contract to a Regular Contract *48 (“Regular Contract Conversion Option”). Team’s Regular Contract Conversion Option may be exercised by providing written notice to Player that is either personally delivered to Player or her representative or sent by email or prepaid certified, registered, or overnight mail to the last known address of Player or her representative with a copy to the Players Association and the WNBA. If Team exercises the Regular Contract Conversion Option, the Base Salary and Active Games Bonus amounts set forth above in this Exhibit 1A will immediately become null and void and of no further force or effect, Player’s Base Salary for the remaining term of this Contract shall be equal to the Player’s applicable Minimum Player Salary for a term equal to the remainder of the original term of this Contract beginning on the date such option is exercised, and all other terms and conditions of this Contract shall remain applicable.”

Regular Contract Signing. During the term of a Player Development Contract, the Team and Developmental Player who are parties to such Contract shall have the right to negotiate and agree to a Regular Contract (including, for clarity, a 7-Day Contract) in accordance with the terms of this Agreement, provided that the Team has Room or an Exception for such Regular Contract. For clarity, if the Developmental Player is a Rookie, then, pursuant to Article I, Section 1(ww), such a Regular Contract must be a Rookie Scale Contract in accordance with Section 4(b) above. Notwithstanding anything to the contrary in this Agreement or the Standard Player Contract, upon execution of the Regular Contract, the prior Player Development Contract between the Team and player will immediately be rendered null and void and of no further force or effect. For the day the Regular Contract is executed, the player shall be compensated only under the new Regular Contract, and not under the prior Player Development Contract.

Exclusive Rights. During the period beginning when a Team and player enter into a Player Development Contract through 11:59 p.m. (ET) on the later of (i) the day that *49 is thirteen (13) days following the day on which such Contract is entered into, and (ii) the day that is thirteen (13) days after the first day of the Regular Season covered by such Contract (the “Exclusive Rights Period”), such Team shall be the only Team with which such player may negotiate or sign a Regular Contract. In no event shall the Exclusive Rights Period extend beyond the termination of the Player Development Contract.

Development Team Preemptive Right.

Maximum Term. Except when a shorter term is expressly provided for elsewhere in this Agreement, a Player Contract may cover, in the aggregate, up to but no more than three (3) Seasons (and the immediately succeeding Off-Seasons) from the date such Contract is signed; provided, however, that:

Computation of Time. For purposes of Section 13(a) above, if a Player Contract or Extension is signed after the beginning of a Season, the Season in which the Contract or Extension is signed shall be counted as one (1) full Season covered by the Contract or Extension.

No player shall attend the regular training camp of any Team or participate in any game or organized practices with the Team at any time, unless she is a party to a Player Contract then in effect.

The only form of Salary that a Team may pay a player under her Player Contract is cash in U.S. dollars via a check made payable to the player or via a direct deposit made to the player’s bank account. Compensation of any other kind is prohibited.

No Team shall make any direct or indirect payment of any money, property, investments, loans, or anything else of value for fees or otherwise to an agent, attorney, or representative of a player (for or in connection with such person’s representation of such player); nor shall any Player Contract provide for such payment. No Player shall assign or otherwise transfer to any third party her right to receive Salary from the Team under her Player Contract. Nothing in this subsection (d), however, shall prevent a Team from sending a player’s regular paycheck (made payable to the player) to a player’s agent, attorney, or representative if so instructed in writing by the player. *55

No Team shall make any direct or indirect payment of any money, property, investments, loans, or anything else of value to: (i) any basketball team not in the WNBA; or (ii) any other entity, organization, representative, or person, for the purpose of inducing a player to enter into a Player Contract or in connection with receiving the right to enter into a Player Contract.

If a Team (“Prior Team”) terminates a player’s Player Contract, then the Prior Team may not enter into another Player Contract with the player during the period commencing on the date of termination and continuing through (i) the tenth day (10th) day following such termination if such termination occurs during the Regular Season, or (ii) the tenth (10th) day of the first Regular Season following such termination if such termination occurs during the Off-Season or the training camp period; provided, however, that (i) any Team that terminates a player from the period beginning ten (10) days before the Mid-Point of the Regular Season and continuing through the Mid-Point of the Regular Season may enter into a Player Contract with such player after the Mid-Point of the Regular Season, provided that such Player Contract is a 7-Day Contract and/or a Rest-of-Season Contract at the applicable Minimum Player Salary, (ii) if a Team terminates one or more Player Contracts in order to create Room for an Offer Sheet, and the ROFR Team (as defined below) subsequently exercises its Right of First Refusal and enters into a Contract with that player, the Team shall immediately thereafter be permitted to enter into a Player Contract with any of the players whose Contracts it had terminated to create Room for the Offer Sheet, (iii) if a Team terminates a Player Contract of a player and subsequently applies for, and is granted, a Hardship Exception, Emergency Hardship Exception, a roster hardship exception, a Pregnancy/Childbirth Exception, or a SEI Exception, the Team shall, immediately following the grant of the exception, be permitted to enter into a *56 Replacement Contract with such player utilizing such exception, and (iv) any Team that terminates a Player Contract shall, following such termination, be permitted to enter into a Player Development Contract with such player.

On a bi-weekly basis, the WNBA shall provide to the Players Association copies of all new Standard Player Contracts.

A Team’s termination of a Player Contract by reason of the player’s “lack of skill” (under Section 5(a) of this Article V) shall be interpreted to include a termination based on the Teams’ determination that, in view of the player’s level of skill (in the sole opinion of the Team), the Base Salary paid (or to be paid) to a player is no longer commensurate with the Team’s financial plans or needs. The forgoing sentence shall not affect any post-termination obligation to pay Base Salary that may result from Base Salary protection provisions included in a Player Contract.

A player who knows she has an injury, illness, or condition (including pregnancy) that renders, or she knows will likely render, her physically unable to perform the playing services required under a Player Contract may not validly enter into such a Player Contract without prior written disclosure of such injury, illness, or condition to the Team.

Players will be paid their Base Salary as set forth in Exhibit 1 or Exhibit 1A, as applicable (and, if applicable, an Active Games Bonus provided for in Exhibit 1A), in ten (10) equal, semi-monthly installments in any Season, beginning on or about May 15 (but in no event more than one (1) week after the start of the Regular Season). *58

the Team shall continue to possess such rights with respect to the player as the Team possessed at the time of the execution of the Contract, including, without limitation, any such rights that the Team possessed pursuant to Article VI and Article XIII;

any Required Tender or Qualifying Offer that was outstanding at the time the Contract was executed shall continue in effect as if the Contract had not been executed (including if the original deadline for accepting the Required Tender or Qualifying Offer expired following the execution of the Contract), but for no fewer than three (3) business days following the Commissioner’s disapproval, the Team’s issuance of notice to the player that she did not pass the physical examination, or the rescission of such trade, as the case may be; and

in the case of a player who does not pass a physical examination pursuant to Exhibit 5: (i) the player shall not be permitted to accept such Required Tender or Qualifying Offer for a period of two (2) business days following her receipt of notice from the Team that she did not pass her physical examination, during which period the Team may elect to withdraw the Required Tender or Qualifying Offer, which shall have the consequences described in Article VI or Article XIII, as the case may be; and (ii) if the Required Tender or Qualifying Offer is not withdrawn by the Team during this period, the Required Tender or Qualifying Offer shall thereafter be deemed amended so as to eliminate any Exhibit 5 that may be contained therein. *59

The WNBA or a League-Related Entity will be responsible for placement of the microphone on the player in a location and manner that minimizes interference with the player’s performance.

The audio captured by the wireless microphone worn by the player (“Player Audio”) will be screened (including for profanity) and approved prior to airing by the telecast producer.

Notwithstanding anything to the contrary in this Agreement, Player Audio shall not be used as the basis for the imposition of discipline upon any player. *61

Subject to the provisions of Article VII, (i) a Reserved Player is free at any time beginning on February 4 to negotiate a Player Contract with her Prior Team and to accept a Reserved Qualifying Offer from her Prior Team, and is free at any time beginning on the day following the last day of the Moratorium Period to enter into a Player Contract with her Prior Team; (ii) an Unrestricted Free Agent is free at any time beginning on February 4 to negotiate, and free at any time beginning on the day following the last day of the Moratorium Period to enter into, a Player Contract with any Team; (iii) a Restricted Free Agent is free at any time beginning on February 4 to negotiate a Player Contract with her Prior Team, to accept a Restricted Qualifying Offer from her Prior Team, and to negotiate an Offer Sheet with any Team other than her Prior Team, and is free at any time beginning on the day following the last day of the Moratorium Period to enter into a Player Contract with her Prior Team or an Offer Sheet with any Team other than her Prior Team; and (iv) a Core Player is free at any time beginning on February 4 to negotiate a Player Contract with her Prior Team or to accept a Core Qualifying Offer from her Prior Team, and is free at any time beginning on the day following the last day of the Moratorium Period to enter into a Player Contract with her Prior Team.

No compensation obligation of any kind to another Team shall be applicable to any Free Agent. No right of first refusal (“Right of First Refusal”) shall be applicable to any Free Agent other than a Restricted Free Agent. *62

No Player Contract, or any Extension or other amendment of a Player Contract may include any individually negotiated Right of First Refusal or other limitation on player movement following the last Salary Cap Year covered by such Player Contract.

No Right of First Refusal rule, practice, policy, regulation or agreement providing for a Right of First Refusal shall be applied to any player as a result of that player’s entry into a player contract with or the playing with any team in any professional basketball league other than the WNBA.

A Team that drafts a Rookie in any Draft (or a Team to which such player has been assigned) shall have the option to retain the playing services of such player for a fourth year by exercising its Fourth Year Option (as described in subsection (b) below) on or before the May 1 following the second Season of such player’s Rookie Scale Contract.

The Fourth Year Option Notice shall be a notice to the player that is either personally delivered to the player or her representative or sent by email or prepaid certified, registered, or overnight mail to the last known address of the player or her representative, signed *63 by the Team, informing the player that the Team has exercised its Option for the player’s fourth WNBA Season (“Fourth Year Option”). The terms and conditions that apply to the Option Year shall be unchanged from all terms and conditions that applied to the player’s third WNBA Season, except that the Base Salary to be paid to the player for the Option Year shall be as set forth in Article VIII.

If a Team has not delivered a Fourth Year Option Notice by the specified deadline, the player shall, following her third WNBA Season, become an Unrestricted Free Agent.

From the January 30 following a Season covered by a Fourth Year Option through the immediately following February 3, the player’s Team may make a Restricted Qualifying Offer to the player covered by such Option. If such a Restricted Qualifying Offer is made, then, on the day following the last day of the Moratorium Period following the Season covered by the player’s Fourth Year Option, the player shall become a Restricted Free Agent, subject to a Right of First Refusal in favor of the Team (“ROFR Team”), as set forth in Section 6 below. If such a Restricted Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on the day following the last day of the Moratorium Period.

Subject to Section 7 below, any Veteran Free Agent who has four (4) Years of Service of the first day of any such Salary Cap Year, will be a Restricted Free Agent if her Prior Team makes a Restricted Qualifying Offer to the Player at any time from the January 30 following such Season through the immediately following February 3. If such Restricted Qualifying Offer is made, then, on the day following the last day of the Moratorium Period following the last Season covered by the player’s Player Contract, the player shall become a Restricted Free Agent, subject to a Right of First Refusal in favor of the ROFR Team, as set forth *64 in Section 6 below. If such a Restricted Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on the day following the last day of the Moratorium Period.

In order to make a Restricted Qualifying Offer, a Team must have Room for the Restricted Qualifying Offer. A Restricted Qualifying Offer made to a Restricted Free Agent may be withdrawn by the Team at any time through the March 1 following its issuance. If the Restricted Qualifying Offer is not withdrawn by March 1, it must thereafter remain open through the following March 21; provided, however, that the Restricted Qualifying Offer may be withdrawn by the Team during the period March 2 through March 21 but only if the player agrees in writing to the withdrawal. If a Restricted Qualifying Offer is withdrawn, the player shall immediately become an Unrestricted Free Agent. A player who knows or reasonably should have known that she has a physical disability or other condition (including pregnancy) that would render her physically unable to perform the playing services required under a Player Contract the following Season may not validly accept a Restricted Qualifying Offer made under this Section 5 or Section 6 below, unless the ROFR Team consents after disclosure of such physical disability or condition (provided that the Team may, at its election, and prior to determining whether to consent, conduct a physical examination of the player). In the event that the ROFR Team does not consent, such player will remain subject to the ROFR Team’s Right of First Refusal. In no event may a player accept a Restricted Qualifying Offer beyond the March 21 following its issuance. If a Restricted Qualifying Offer is neither withdrawn nor accepted and the deadline for accepting it passes, the Team’s Right of First Refusal shall continue, subject to Section 6(a) below.

Any claim that a Contract offered as a Restricted Qualifying Offer fails to meet one or more of the criteria for a Restricted Qualifying Offer shall be made by notice to the *65 Team, in writing, no later than ten (10) days after a copy of the Restricted Qualifying Offer was given by the Team or the WNBA to the Players Association. Such notice must set forth the specific changes that allegedly must be made to the offered Contract in order for it to constitute a Restricted Qualifying Offer. Upon receipt of such notice, if the requested changes are necessary to satisfy the requirements of a Restricted Qualifying Offer, the Team may, within five (5) business days, offer the player an amended Contract incorporating the requested changes. If the Team offers such an amended Contract, the player and the Players Association shall be precluded from asserting that such Contract does not constitute a timely and valid Restricted Qualifying Offer.

If a Restricted Free Agent does not sign an Offer Sheet (as defined below) with any Team by the July 1 of the WNBA Season for which the Restricted Qualifying Offer is made, and does not sign a Player Contract with the ROFR Team before that Season ends, then her ROFR Team may reassert its Right of First Refusal for the following WNBA Season by extending another Restricted Qualifying Offer (with the same terms, including the amount of Salary that was included in the prior Restricted Qualifying Offer, subject to the Minimum Player Salary) by the next February 3. A ROFR Team may continue to reassert its Right of First Refusal by following the foregoing procedure in each subsequent year in which that Restricted Free Agent does not sign an Offer Sheet with any Team by the July 1 of the WNBA Season for which the Restricted Qualifying Offer is made, and does not sign a Player Contract with the ROFR Team before that Season ends. Any such Restricted Qualifying Offer shall be governed by the provisions of Section 5 above.

When a Restricted Free Agent receives an offer to sign a Player Contract from a Team (the “New Team”) other than the ROFR Team, which she desires to accept, she *66 shall give to the ROFR Team a completed certificate substantially in the form of Exhibit 5 annexed hereto (the “Offer Sheet”), signed by the Restricted Free Agent and the New Team, which shall have attached to it a Standard Player Contract separately specifying the “Principal Terms” (as defined in Section 6(c) below) of the New Team’s offer. The Offer Sheet must be for a Player Contract with a term of more than one WNBA season. In order to extend an Offer Sheet, the New Team must have Room for the player’s Player Contract at the time the Offer Sheet is signed and must continue to have such Room at all times while the Offer Sheet is outstanding. The ROFR Team, upon receipt of the Offer Sheet, may exercise its Right of First Refusal, which shall have the consequences hereinafter set forth below in this Section 6. In order to match an Offer Sheet, the ROFR Team must have Room for the player’s Player Contract at the time the notice of its Right of First Refusal is given and must continue to have Room at all times the First Refusal Exercise Notice remains in effect.

The Principal Terms of an Offer Sheet are only:

If, before the First Refusal Exercise Notice Deadline (defined below), the ROFR Team gives to the Restricted Free Agent a “First Refusal Exercise Notice” substantially in the form of Exhibit 6 annexed hereto, such Restricted Free Agent and the ROFR Team shall be deemed to have entered into a Player Contract, effective as of the date the First Refusal Exercise *67 Notice is given, containing all the Principal Terms included in the Standard Player Contract attached to the Offer Sheet and no additional terms. The First Refusal Exercise Notice Deadline shall be 5:00 p.m. (ET) on the fourth day following the date the Team receives the Offer Sheet (for clarity, including weekends and holidays).

If the ROFR Team does not give the First Refusal Exercise Notice within the aforementioned four (4) day period, or if during such four (4) day period the ROFR Team provides written notice to the player that the Team declines to exercise its Right of First Refusal, then the player and the New Team shall be deemed to have entered into a Player Contract containing all of the terms and conditions included in the Standard Player Contract attached to the Offer Sheet and no additional terms.

After exercising its Right of First Refusal as described in this Section 6, the ROFR Team may not trade the Restricted Free Agent until the day following the last day of the following Moratorium Period without the player’s consent. Even with the player’s consent, until the day following the last day of the following Moratorium Period neither the ROFR Team exercising its Right of First Refusal nor any other Team may trade the player to the Team whose Offer Sheet was matched.

Any Team that exercises its Right of First Refusal may do so subject to the player’s passing a physical examination to be conducted by the Team within five (5) days from its exercise of the Right of First Refusal. In the event the player does not pass the physical examination, the ROFR Team may withdraw its First Refusal Exercise notice within five (5) days following the date upon which such examination is conducted; however, the New Team may not withdraw the previously submitted Offer Sheet. In the event the player, after being given reasonable advance notice, does not submit to a requested physical examination within five *68 (5) days of the exercise of the Right of First Refusal then, until such time as the player submits to the requested physical examination, the ROFR Team may withdraw its First Refusal Exercise Notice, which shall have the effect of invalidating the Offer Sheet and causing the Team that issued the Offer Sheet to be prohibited from signing or acquiring the player for a period of one (1) year from the date the First Refusal Exercise Notice was withdrawn. In lieu of exercising its Right of First Refusal subject to the player’s passing of a physical examination as provided for above, the ROFR Team may conduct a physical examination of the player prior to deciding whether to exercise its Right of First Refusal, provided that the player consents in writing to such physical examination.

There may be only one Offer Sheet signed by a Restricted Free Agent outstanding at any one time, provided that the Offer Sheet has also been signed by a Team. An Offer Sheet, both before and after it is given to the ROFR Team, may be revoked or withdrawn only upon the written consent of the ROFR Team, the New Team, and the Restricted Free Agent. In such event, a Restricted Free Agent shall again be free to negotiate and sign an Offer Sheet with any Team, and any Team shall again be free to negotiate and sign an Offer Sheet with such Restricted Free Agent, subject only to the ROFR Team’s renewed Right of First Refusal.

If a dispute arises between the player and either the ROFR Team or the New Team, as the case may be, relating to the contents of an Offer Sheet, and/or whether the binding agreement is between the Restricted Free Agent and the New Team or the Restricted Free Agent and the ROFR Team, such dispute shall immediately be submitted to the Arbitrator, who shall resolve such dispute within five (5) days.

A Restricted Free Agent may not give an Offer Sheet to the ROFR Team at any time after the July 1 of the Season for which she has been made a Qualifying Offer. *69

On the same day as the giving of an Offer Sheet to the ROFR Team, the ROFR Team shall cause a copy thereof to be given to the WNBA, which shall cause a copy thereof to be promptly given to the Players Association. On the same day as the giving of a First Refusal Exercise Notice to the Restricted Free Agent, the Restricted Free Agent shall cause the copy thereof to be given to the New Team, which shall cause a copy thereof to be promptly given to the WNBA, which shall cause a copy thereof to be promptly given to the Players Association.

There may be no consideration of any kind given by one Team to another Team in exchange for a Team’s decision to exercise or not to exercise its Right of First Refusal, or in exchange for a Team’s decision to submit or not to submit an Offer Sheet to a Restricted Free Agent.

Any Offer Sheet, First Refusal Exercise Notice, or other writing required or permitted to be given under Section 5 of this Article VI, shall be provided either by personal delivery or by email or prepaid certified, registered or overnight mail, addressed as follows: To any WNBA Team: addressed to that Team at the principal address of such Team as then listed on the records of the WNBA or at the Team’s principal office, to the attention of the Team’s general manager (and if by email, then to the general manager’s email address with the Team and any such other email address as the Team may designate in writing); To the WNBA: Women’s National Basketball Association, Olympic Tower, 645 Fifth Avenue, New York, NY 10022, Attn: General Counsel (and if by email, then to the General Counsel’s email address with the WNBA and any such other email address as the WNBA may designate in writing); *70 To the Players Association: Women’s National Basketball Players Association, 1133 Avenue of the Americas, 5th Floor, New York, NY 10036, Attn: Executive Director (and if by email, then to the Executive Director’s email address with the Players Association and any such other email address as the Players Association may designate in writing). To a Restricted Free Agent: (i) for Qualifying Offers and other writings related to Qualifying Offers (e.g. withdrawal of a Qualifying Offer), to the last known email address or address of the Player or her representative; and (ii) for Offer Sheets and other writings related to Offer Sheets (e.g., First Refusal Exercise Notices), to her address listed on the Offer Sheet and, if the Restricted Free Agent designates a representative on the Offer Sheet and lists such representative’s address thereon, a copy shall be sent to such representative at such address (and if by email to the player or her representative, then with a copy to the Executive Director’s email address with the Players Association and any such other email address as the Players Association may designate in writing).

Any Offer Sheet, First Refusal Exercise Notice, or other writing required or permitted to be given under this Article VI that is sent by email shall be deemed given when sent. For delivery by any other means allowed by this Article VI, the following shall apply: (i) an Offer Sheet shall be deemed given only when received by the ROFR Team; (ii) a First Refusal Exercise Notice shall be deemed given when sent by the ROFR Team; (iii) a Restricted Qualifying Offer and an Amended Restricted Qualifying Offer (i.e., pursuant to Section 5(d) above) shall be deemed given when sent by the ROFR Team; (iv) other writings required or *72 permitted to be given under Section 5 and Section 6 of this Article VI (e.g., an acceptance of a Restricted Qualifying Offer, a withdrawal of a Restricted Qualifying Offer, notice that a Restricted Qualifying Offer fails to meet one or more criteria for a Restricted Qualifying Offer, etc.) shall be deemed given only when received by the party to whom addressed.

Each Team shall be permitted to designate no more than one (1) of its Veteran Free Agents as Core Players. Such a designation can apply to any Veteran Free Agent who would otherwise be an Unrestricted Free Agent or a Restricted Free Agent. Any Veteran Free Agent who has previously been designated as a Core Player by a Team and remains under Contract to play for such Team during the upcoming Season pursuant to a Player Contract signed while such player was so designated (but not including Seasons covered by any Extension to such Contract) shall be included in the maximum number of players who may be designated as a Core Player by such Team.

Notwithstanding anything to the contrary herein, no player may be designated as a Core Player during the period when Core Player Designations may be given prior to the 2026 Season if such player has played pursuant to a Contract signed while such player was designated as a Core Player (a “Core Player Contract”) for two (2) or more Seasons. Beginning with the 2027 Season, only a player with six (6) or fewer Years of Service may be designated as a Core Player during the period when Core Player Designations may be given (e.g. a player may not be designated as a Core Player after the Season in respect of which she accrues her seventh Year of Service). Players who have played pursuant to Core Player Contracts prior to the 2026 Season, along with the Seasons included in those Core Player Contracts, are listed on Exhibit 4. Nothing in this Section 7 is intended to limit the maximum allowable term of a Contract between *73 a Team and a player designated as a Core Player by such Team as provided for in Article V, Section 12.

In order to designate a player as a Core Player, the Team must, from the January 30 following the last Season covered by the player’s Player Contract through the immediately following February 3, provide to the player a Core Player Designation Notice substantially in the form of Exhibit 7 annexed hereto. Such Core Player Designation Notice, which shall be personally delivered to the player or her representative, or shall be sent by email or prepaid certified, registered, or overnight mail to the last known address of the player or her representative with a copy to the Players Association and the WNBA, shall be signed by the Team and shall be accompanied by a Core Qualifying Offer. Any Team that designates a Core Player shall be the only Team with which such Core Player can negotiate or sign a Player Contract. Such Core Player Designation shall continue to apply until it terminates pursuant to Section (d) below.

If the Core Player and Team have entered into a Contract, the Core Player Designation will terminate and become available to the Team again upon the earliest of: (i) the expiration of the original term of such Contract (whether or not such Contract has been extended by mutual agreement of the parties); (ii) termination of such Contract; (iii) the assignment of such Contract to another Team; (iv) the retirement of the Core Player; or (v) the suspension of the Core Player pursuant to Article XIV, Section 2. If the Core Player and Team have not entered into a Contract, the Core Player Designation will terminate and become available to the Team again upon the earliest of: (a) the withdrawal by the Team of the Core Qualifying Offer; (b) the renunciation by the Team of the Core Player Designation (as set forth in Section 7(g) *74 below); (c) the retirement of the Core Player; or (d) November 30 of the Salary Cap Year in which the Core Player Designation was made by the Team.

In order to designate a player as a Core Player, a Team must have Room for the Core Qualifying Offer. A Core Qualifying Offer may be withdrawn by the Team at any time through the following March 1. If the Core Qualifying Offer is not withdrawn by March 1, it must thereafter remain open through the following March 21; provided, however, that the Core Qualifying Offer may be withdrawn by the Team during the period March 2 through March 21 if the player agrees in writing to the withdrawal. If a Core Qualifying Offer is withdrawn, the player shall thereupon immediately become an Unrestricted Free Agent; provided, however, that if (i) prior to the designation of the player as a Core Player and the subsequent withdrawal of the Core Qualifying Offer, the player’s Prior Team could have obtained a Right of First Refusal with respect to the player by making her a Restricted Qualifying Offer, (ii) the Prior Team, following the withdrawal of the Core Qualifying Offer, makes a Restricted Qualifying Offer to the player in order to obtain a Right of First Refusal, and (iii) such Restricted Qualifying Offer is made by February 3 of any Salary Cap Year (or if the withdrawal of the Core Qualifying Offer occurs after February 1, within forty-eight (48) hours of such withdrawal), then the player shall become a Restricted Free Agent, subject to a Right of First Refusal in favor of the Team. If a Core Qualifying Offer is neither withdrawn nor accepted and the deadline for accepting it passes, the Team’s exclusive negotiating rights shall continue, subject to Section 7(d) above.

A player who knows or reasonably should have known that she has a physical disability or other condition (including pregnancy) that would render her physically unable to perform the playing services required under a Player Contract the following Season, may not validly accept a Core Qualifying Offer made under this Section 7 unless the Team *75 consents in writing after receiving written notice of such physical disability or other condition. If, after receiving written notice of such disability or condition (and, if desired by the Team, a physical examination of the player to confirm such disability or condition), the Team desires to withdraw the Core Player Designation Notice and the accompanying Core Qualifying Offer, it shall do so by giving written notice of such withdrawal to the player, and the player shall thereupon immediately become an Unrestricted Free Agent; provided, however, that if (i) prior to the designation of the player as a Core Player and the subsequent withdrawal of the Core Player Designation Notice and accompanying Core Qualifying Offer the Team could have obtained a Right of First Refusal with respect to such player by making her a Restricted Qualifying Offer, (ii) the Team, following the withdrawal of the Core Player Designation Notice and accompanying Core Qualifying Offer, makes a Restricted Qualifying Offer to the player in order to obtain a Right of First Refusal, and (iii) such Restricted Qualifying Offer is made by February 3 of any Salary Cap Year (or, if the withdrawal of the Core Player Designation Notice and accompanying Core Qualifying Offer occurs after February 1, within forty-eight (48) hours of such withdrawal), then the player shall become a Restricted Free Agent, subject to a Right of First Refusal in favor of the Team.

At any time after the expiration date (i.e., March 21) of a Core Qualifying Offer as provided for in subsection (e) above, a Team may renounce a Core Player Designation, which shall result in its termination as set forth in subsection (d) above. In order to renounce a Core Player Designation, a Team shall provide the WNBA with an express, written statement renouncing the Core Player Designation. The WNBA shall provide the Players Association with a copy of such statement within one (1) business day following its receipt thereof. *76

On the same day as the giving of a Core Player Designation Notice and a Core Qualifying Offer to a player, the Team shall cause a copy thereof to be given to the WNBA, which shall cause a copy thereof to be promptly given to the Players Association.

Any claim that a Core Player Designation Notice or the accompanying Core Qualifying Offer fails to meet one or more of the criteria for a Core Player Designation Notice or a Core Qualifying Offer shall be made by written notice to the Team no later than ten (10) days after copies of the Core Player Designation Notice and Core Qualifying Offer are given by the Team or the WNBA to the Players Association. Such notice must set forth the specific changes that allegedly must be made to the Core Player Designation Notice or the offered Contract in order for it to constitute a Core Player Designation Notice and a Core Qualifying Offer. Upon receipt of such notice, if the requested changes are necessary to satisfy the requirements of a Core Player Designation Notice and a Core Qualifying Offer, the Team may, within five (5) business days, deliver or send to the player an amended Core Player Designation Notice and Core Qualifying Offer incorporating the requested changes. If the Team offers such an amended Core Player Designation Notice and Core Qualifying Offer, the player and the Players Association shall be precluded from asserting that such Core Player Designation Notice and Core Qualifying Offer do not constitute a timely and valid Core Player Designation Notice and Core Qualifying Offer.

A Core Player Designation Notice and Core Qualifying Offer shall be deemed given when sent by the Prior Team. Except as provided in Section 6(n) with respect to First Refusal Exercise Notices and Restricted Qualifying Offers, other writings required or permitted under this Section 7 shall be deemed given only when received by the party to whom addressed. *77

Any Veteran Free Agent who (i) has three (3) or fewer Years of Service on the first day of any Salary Cap Year, and/or (ii) finished the prior Regular Season under a Player Development Contract, will be a Reserved Player if her Prior Team makes a Reserved Qualifying Offer to the player at any time from the January 30 following such Season through the immediately following February 3. If such Reserved Qualifying Offer is made, then, on the day following the last day of the Moratorium Period following the last Season covered by the player’s Player Contract, the player shall become a Reserved Player, subject to the exclusive negotiating rights of her Prior Team. If such a Reserved Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on the day following the last day of the Moratorium Period.

In order to make a Reserved Qualifying Offer, a Team must have Room for the Reserved Qualifying Offer. A Reserved Qualifying Offer made to a Reserved Player may be withdrawn by the Team at any time through the following March 1. If the Reserved Qualifying Offer is not withdrawn by March 1, it must thereafter remain open until the following March 21; provided, however, that the Reserved Qualifying Offer may be withdrawn by the Team during the period March 2 through March 21 if the player agrees in writing to the withdrawal. If a Reserved Qualifying Offer is withdrawn, the player shall immediately become an Unrestricted Free Agent. A player who knows or reasonably should have known that she has a physical disability or other condition (including pregnancy) that would render her physically unable to perform the playing services required under a Player Contract the following Season may not validly accept a Reserved Qualifying Offer made under this Section 8, unless the Prior Team consents after disclosure of such physical disability or other condition (provided that the Team may, at its election, and prior to determining whether to consent, conduct a physical *78 examination of such player). In the event that the Prior Team does not consent, such player will remain subject to the Prior Team’s exclusive negotiating rights. If a Reserved Qualifying Offer is neither withdrawn nor accepted and the deadline for accepting it passes, the Team’s exclusive negotiating rights shall continue, subject to Section 8(c) below.

If a Reserved Player does not sign a Player Contract with her Prior Team by the conclusion of the WNBA Season for which the Reserved Qualifying Offer is made, then her Prior Team may reassert its exclusive negotiating rights for the following WNBA season by extending another Reserved Qualifying Offer (on the same terms as the prior Reserved Qualifying Offer) by the next February 3. A Prior Team may continue to reassert its exclusive negotiating rights by following the foregoing procedure in each subsequent year in which the Reserved Player does not sign a Player Contract with her Prior Team before the Season ends.

Any claim that a Contract offered as a Reserved Qualifying Offer fails to meet one or more of the criteria for a Reserved Qualifying Offer shall be made by notice to the Team, in writing, no later than ten (10) days after a copy of the Reserved Qualifying Offer was given by the Team or the WNBA to the Players Association. Such notice must set forth the specific change that allegedly must be made to the offered Contract in order for it to constitute a Reserved Qualifying Offer. Upon receipt of such notice, if the requested changes are necessary to satisfy the requirements of a Reserved Qualifying Offer, the Team may, within five (5) business days, offer the player an amended Contract incorporating the requested changes. If the Team offers such an amended Contract, the player and the Players Association shall be precluded from asserting that such Contract does not constitute a timely and valid Reserved Qualifying Offer. *79

A Reserved Qualifying Offer shall be deemed given when sent by the Prior Team. Other writings required or permitted to be given under this Section 8 shall be deemed given only when received by the party to whom addressed.

Salary Cap.

Guarantee Payments to Players.

Minimum Team Salary. *82

Computation. For the purposes of computing Team Salary under this Agreement, all of the following amounts shall be included:

Expansion. The Salary of any player selected by an Expansion Team in an expansion draft and terminated in accordance with the WNBA waiver procedure before the first day of the Expansion Team’s first Season shall not be included in the Expansion Team’s Team Salary, except, to the extent such Salary is paid, for purposes of determining whether the Expansion Team has satisfied its Minimum Team Salary obligation for such Season under Article VII, Section 1(c).

Assigned Contracts. For purposes of calculating Team Salary, with respect to any Player Contract that is assigned, the assignee Team shall, upon assignment, have included in its Team Salary the entire Salary for the then-current Salary Cap Year and for all future Salary Cap Years.

Incomplete Rosters.

Hold-Outs and Other Team/Entity Basketball Injuries. If in any Season, a player is suspended by a Team for the remainder of the Season pursuant to Article XIV, Section 6 or Section 9 or Article XX, Section 1(c), the player’s Salary shall be excluded from the Team Salary of such Team, beginning on the date of such suspension and continuing until the later of (i) the following January 1, or (ii) the date on which the player’s suspension ends.

Long-Term Injuries, Illnesses, or Conditions. Any player who suffers a career-ending injury, illness, or condition, and whose contract is terminated by the Team in accordance with the WNBA waiver procedure, will be excluded from her Team’s Team Salary as follows:

Training Camp Contracts. From the day following the last day of the Moratorium Period for a Salary Cap Year until the day prior to the first day of the Regular Season in such Salary Cap Year, a Team may enter into Player Contracts that will not be included in Team Salary until the first day of such Regular Season (i.e., the player will be deemed not to have any Salary until the first day of such Regular Season), provided that such Contracts satisfy the requirements of this Section 2(g) (a “Training Camp Contract”). No Training Camp Contract may provide for (i) Salary in excess of the player’s applicable Minimum Player Salary, (ii) Base Salary protection of any kind, or (iii) a term longer than one (1) Season. Notwithstanding the foregoing, any Rookie Scale Contract entered into from the day following the last day of the Moratorium Period of a Salary Cap Year through the day prior to the first day of the Regular Season in such Salary Cap Year that provides for no Base Salary protection of any kind other than conditional Base Salary protection (i.e., a Rookie Scale Contract signed by a player other than a First Round Pick selected in the Lottery of the WNBA Draft) shall be a Training Camp Contract. The only consideration that may be provided to a player signed to a Training Camp Contract, prior to the start of the Regular Season, is per diem, lodging, and *89 transportation. A Team that has entered into one or more Training Camp Contracts must terminate such Contracts no later than the day prior to the first day of a Regular Season, except to the extent the Team has Room for such Contracts. Notwithstanding anything to the contrary herein, Qualifying Offers and Rookie Tenders that, if signed by the player would become Training Camp Contracts, shall not be included in Team Salary from January 1 of a Salary Cap Year until the day prior to the first day of the Regular Season in such Salary Cap Year.

Player Development Contracts. Player Development Salaries shall be excluded from Team Salary. Thus, for example, a Team is not required to have Room or an Exception to sign a player to a Player Development Contract.

Team Salary Summaries.

Basic Rule. A Team’s Team Salary may not exceed the Salary Cap at any time unless the Team is using one of the Exceptions set forth in Section 4 below. *90

Room. Subject to the other provisions of this Agreement, including without limitation Article V, Section 8, any Team with Room may enter into a Player Contract that calls for a Salary in the first Season of such Contract that would not exceed the Team’s then-current Room.

Annual Salary Increases and Decreases.

No Futures Contracts. Notwithstanding any other provision in this Agreement:

Hardship.

Emergency Hardship.

Pregnancy/Childbirth.

Season-Ending Injury.

Veteran Extensions. No Player Contract, other than a Rookie Scale Contract, may be extended except in accordance with the following:

Standard Rookie Scale Extensions.

Exceptional Performance on Initial Contract (“EPIC”) Rookie Scale Extension.

A Team shall not be permitted to receive in connection with any trade, directly or indirectly, any cash or other compensation, including cash or other compensation received as reimbursement for Base Salary obligations to players whom the Team is acquiring.

A Team cannot trade any player after the WNBA trade deadline occurring in the last Season of the player’s Contract.

No player who signs a Contract as a Free Agent or Draft Rookie may be traded before the later of (i) two (2) weeks following the date on which such Contract was signed or (ii) the fifteenth (15th) day of the Regular Season covered by the Contract, unless such player consents in writing to such trade.

Exclusive negotiating rights to a player (other than draft rights, rights to Reserved Players, and rights to suspended players with no playing services remaining in the Player Contracts) may only be traded with the written consent of the player.

No Player Contract that (i) provides in the first Season for a Base Salary of more than the Standard Maximum Salary in respect of the Salary Cap Year covering such Season or (ii) provides for annual salary increases pursuant to Section 3(c)(iii) above, shall (x) contain an Exhibit 7 or (y) be traded before the later of (1) the thirtieth (30th) day of the first Regular Season covered by such Contract, and (2) thirty (30) days following the date on which the Contract was signed.

A Team shall not trade the Player Contract of a pregnant player without her consent if she has provided the Team and the WNBA with prior written notice of her pregnancy. The WNBA and the Players Association shall identify the appropriate senior-level individuals to whom such notice shall be provided (and, in the absence of agreement on other senior-level individuals, the senior-level individuals shall be (i) the player’s choice of the Team’s *102 General Manager, Head Coach, or Team President (provided that the Team President is an individual with Team business responsibility and not just Team basketball operations responsibility), (ii) the Head of WNBA League Operations, and (iii) the WNBPA Executive Director (or the WNBPA Executive Director’s designee)).

No player may be traded while under a Player Development Contract.

In the event that a Team and a player agree to amend a Player Contract in accordance with Article V, Section 3(e), then for purposes of calculating the player’s Salary for the then-current and any remaining Salary Cap Year, the aggregate reduction in the player’s protected Base Salary shall be allocated pro rata over the then-current and each remaining Salary Cap Year covered by such Contract on the basis of the remaining unearned protected Base Salary (prior to giving effect to such reduction) in each such Salary Cap Year.

Except where this Agreement states otherwise, for purposes of any rule in this Agreement that limits, involves counting, or otherwise relates to, the number of Seasons covered by a Contract, if a Player Contract is signed after the beginning of a Season, the Season in which the Contract is signed shall be counted as one (1) full Season covered by the Contract.

In the event that a player earns a trade bonus pursuant to her Contract, then for purposes of calculating the player’s Salary for the then-current and any remaining Salary Cap Year covered by such Contract, the amount of the earned trade bonus shall be allocated pro rata over each remaining Salary Cap Year covered by such Contract (only including the then-current Salary Cap Year if the trade occurs during or before the Season covered by such Salary Cap Year) on the basis of the Base Salary in each such Salary Cap Year. *103

The Base Salaries set forth in a Rookie Scale Contract shall be the Rookie Scale Amounts applicable to such Rookie Scale Contract.

The Rookie Scale Amounts applicable to Rookie Scale Contracts commencing with each Season following the 2026 Season shall be: (i) with respect to First Round Picks, the Rookie Scale Amounts applicable to a Rookie Scale Contract commencing with the immediately prior Season increased (or decreased) by the percentage increase (or decrease) in the Salary Cap from the Salary Cap Year covering such prior Season to the immediately following Salary Cap Year; and (ii) with respect to non-First Round Picks, the *104 Rookie Scale Amounts applicable to a Rookie Scale Contract commencing with the immediately prior Season increased by 4%.

Any Team that fails to make a Required Tender to a Draft Pick, withdraws a Required Tender, renounces a Draft Pick, or fails to sign a Draft Pick selected in a Subsequent Draft within the designated period of exclusive negotiating rights shall be prohibited from signing such player until after she has signed a Player Contract with another WNBA Team, and either (i) the player completes the playing services called for under such Contract, or (ii) such Contract is terminated in accordance with the WNBA waiver procedures. *105

For each Season beginning with the 2027 Season, each of the foregoing bonus amounts will be calculated by increasing (or decreasing) the applicable amount for the preceding Season at the same rate of increase (or decrease) in the Salary Cap. *107

Medical Coverage. During each Season covered by this Agreement, each player who is a party to a Standard Player Contract or a Player Development Contract (and such player’s eligible dependents, if applicable) will be provided with medical benefits for the period beginning on the first day of training camp and ending on the day such Contract expires or is terminated; provided that, (x) a player whose Standard Player Contract is terminated prior to the Mid-Point of the Regular Season will continue to receive medical benefits for a period of thirty (30) days following contract termination, at the conclusion of which the player will be provided with a notice of COBRA rights, and (y) a player whose Standard Player Contract is terminated after the Mid-Point of the Regular Season will continue to receive medical benefits until the end of the calendar year, at the conclusion of which the player would be provided with a notice of COBRA rights. The eligibility requirements, circumstances under which benefits may be terminated, and the nature of the benefits will be set forth in summaries that will be distributed by the WNBA to each player signed to a Contract and to the Players Association.

Dental Coverage. During each Season covered by this Agreement, each player who is a party to a Standard Player Contract or a Player Development Contract (and such player’s eligible dependents, if applicable) will be provided with dental benefits for the period beginning on the first day of training camp and ending on the day such Contract expires or is terminated; provided that, (x) a player whose Standard Player Contract is terminated prior to the Mid-Point of the Regular Season will continue to receive dental benefits for a period of thirty (30) days following contract termination, at the conclusion of which the player will be provided with a notice of COBRA rights, and (y) a player whose Standard Player Contract is terminated after the Mid-Point of the Regular Season will continue to receive dental benefits until the end of the calendar year, at the conclusion of which the player would be provided with a notice of COBRA rights. The eligibility requirements, circumstances under which benefits may be terminated, and the nature of the benefits will be set forth in summaries that will be distributed by the WNBA to each player signed to a Contract and to the Players Association.

Vision Coverage. During each Season covered by this Agreement, each player who is a party to a Standard Player Contract or a Player Development Contract (and such player’s eligible dependents, if applicable) will be provided with vision benefits for the period beginning on the first day of training camp and ending on the day such Contract expires or is terminated; provided that, (x) a player whose Standard Player Contract is terminated prior to the Mid-Point of the Regular Season will continue to receive vision benefits for a period of thirty (30) days following contract termination, at the conclusion of which the player will be provided with a notice of COBRA rights, and (y) a player whose Standard Player Contract is terminated after the Mid-Point of the Regular Season will continue to receive vision benefits until the end of the calendar year, at the conclusion of which the player would be provided with a notice of COBRA rights. The eligibility requirements, circumstances under which benefits may be terminated, and the nature of the benefits will be set forth in summaries that will be distributed by the WNBA to each player signed to a Contract and to the Players Association.

For the term of the Agreement, beginning in 2027, the WNBA shall provide each player who is a party to a Standard Player Contract or a Player Development Contract with an annual reimbursement benefit of the lesser of (i) two thousand two hundred fifty dollars ($2,250) and (ii) the Internal Revenue Service (“IRS”) limit (as adjusted for inflation by the IRS) in any given year for a contribution to a Mental Health Excepted Benefit Health Reimbursement Arrangement (“Mental Health HRA”), with such reimbursement benefit to be used only for substantiated IRS-qualified mental health expenses incurred by the player only that are not reimbursable or covered by insurance or any other source. The Mental Health HRA shall require that eligible players submit expenses through their health insurance first, before being submitted to the Mental Health HRA for reimbursement. The Mental Health HRA shall be administered and operated in compliance with IRS, U.S. Department of Labor, and U.S. Department of Health and Human Services rules applicable to such arrangements, as well as any Canadian laws, regulations or rules applicable to such arrangements. The WNBA and/or WNBA Teams shall not be required to pre-fund the Mental Health HRA. No eligible player shall be permitted to carry over any portion of her annual reimbursement benefit that is not utilized in one calendar year to any subsequent year.

Deductibility of WNBA Payments/Regulatory Changes.

A player (including Developmental Players) who cannot render the services required under her Standard Player Contract or Player Development Contract as a result of her pregnancy shall receive one hundred percent (100%) of the Base Salary (or, weekly stipend, if a Developmental Player) that she would have received under Exhibit 1 to her Standard Player Contract had she rendered the required services and of any trade bonus set forth in Exhibit 8 to her Standard Player Contract if her Contract is traded while she cannot render the playing services required under her Contract, but shall not be eligible for any Team merit bonuses (as set forth in Article IX) unless she was able to perform services in at least one Regular Season game during the applicable Season. The player shall receive the Base Salary *115 described in the preceding sentence in accordance with the payment schedule contained in her Standard Player Contract for the shorter of: (i) the duration of her inability to perform services as a result of her pregnancy; or (ii) the remaining term of her Standard Player Contract.

Notwithstanding the provisions of Section 3(a) above, a player whose Standard Player Contract or Player Development Contract is terminated while she is pregnant shall, if the applicable insurance policies allow, continue to receive the medical, dental, and vision benefits provided for by Section 1, or if coverage under the applicable insurance policies cannot be continued and if the player elects continued coverage pursuant to COBRA, the WNBA shall pay the premiums for such coverage for the player, in either case until the latest of (i) the end of the Season in which such Contract was terminated, (ii) three months after the birth of her child or (iii) if the Contract is terminated after the Mid-Point of the Regular Season, until the end of the calendar year.

A player whose Standard Player Contract expires while she is on leave due to pregnancy or childbirth will be offered a contract to attend training camp by the Team that she was last under contract with for the immediately following Season for a minimum of seven (7) days; provided, however, that the player will not be required to sign such contract offer.

The WNBA shall cause to be maintained for each Season during the term of this Agreement, a multi-employer profit sharing plan (the “Retirement and 401(k) Savings Plan”) qualified under Section 401(a) of the Internal Revenue Code. To the extent permitted by the Internal Revenue Code and applicable law and in accordance with and subject to the terms and conditions of the WNBA Players Retirement and 401(k) Savings Plan as restated effective June 1, 2014, as amended from time to time and as to be modified as set forth herein, during each Season covered by this Agreement, the Retirement and 401(k) Savings Plan will: *116

For purposes of subsection (a) above:

The 401(k) Deferrals, Matching Contributions and Regular Contributions, as well as the determination of eligible Base Salary for purposes of these contributions, shall be subject to all applicable limitations under the Internal Revenue Code (including, for clarity, limitations on eligible compensation, participant deferrals, and total annual additions).

The total amount of 401(k) Deferrals, Matching Contributions and Regular Contributions shall be limited to an amount that will result in all of such deferrals and contributions being fully deductible under the Internal Revenue Code (and, where applicable, Canadian income tax laws) for the year in which contributed to the Retirement and 401(k) Savings Plan. For clarity, an eligible player’s elective deferrals for any calendar year shall be limited to the extent necessary so that the total amount of 401(k) Deferrals, Matching Contributions and Regular Contributions do not exceed the maximum amount permitted under *118 Section 415(c) of the Internal Revenue Code. If, as a result of the application of this limit, an eligible player’s elective deferrals would otherwise cause the total amount of a player’s 401(k) Deferrals, Matching Contributions and Regular Contributions to exceed the applicable limit under Section 415(c), such elective deferrals shall be reduced or otherwise limited in accordance with procedures established by the Retirement and 401(k) Savings Plan administrator.

The terms of the Retirement and 401(k) Savings Plan shall permit participation by Toronto Tempo players on a tax-effective basis under Canadian income tax laws; provided, however, that a Toronto Tempo player shall not be eligible to participate in the Retirement and 401(k) Savings Plan for the period of time during which the player is a Canadian tax resident. An alternative arrangement, which is acceptable to both the WNBA and Players Association, shall be established in lieu of the Retirement and 401(k) Savings Plan for Canadian tax resident players employed by a Canadian WNBA team. If the WNBA and the Players Association should determine that the Retirement and 401(k) Savings Plan cannot continue to be provided to Toronto Tempo Players who are United States tax residents on a tax-effective basis under Canadian income tax laws, the WNBA and Players Association agree to bargain in good faith with respect to an alternative arrangement to be provided by Toronto Tempo to those Toronto Tempo players. The costs of any such alternative arrangement shall be at an annual cost (as determined on an after-tax basis) to the Toronto Tempo substantially equal to but no greater than the annual cost that the Toronto Tempo would have incurred under the Retirement and 401(k) Savings Plan with respect to the total amount of Matching Contributions and Regular Contributions for the Toronto Tempo players. If despite good faith negotiations, the WNBA and the Players Association fail to agree with respect to an alternative arrangement as described above, such failure to agree shall not create any right: (i) to unilaterally implement during the *119 term of this Agreement any terms concerning the provision of 401(k) benefits to the players; (ii) to lockout; or (iii) to strike.

In the event that the players are not, or cease to be considered, collectively bargained employees under the Internal Revenue Code, the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or the regulations under either, with respect to the Retirement and 401(k) Savings Plan, then any obligation to maintain and/or make contributions to the Retirement and 401(k) Savings Plan pursuant to this Agreement shall terminate; provided, however, that any such termination shall not impair the legally binding effect (if any) of any other provision of this Agreement. In the event such termination results from any change or amendment made to the Internal Revenue Code or ERISA or from any regulation (whether final or temporary) or ruling issued thereunder (or from any judicial or administrative interpretation or enforcement of any of the foregoing), an alternative benefit or compensation arrangement, acceptable to both the WNBA and the Players Association, shall be established in lieu of the Retirement and 401(k) Savings Plan. The cost of such alternative benefit or compensation arrangement (excluding initial plan design and implementation costs) shall not exceed the annual cost that the WNBA would have incurred under the Retirement and 401(k) Savings Plan had it continued to be maintained. If despite good faith negotiations, the WNBA and the Players Association fail to agree with respect to an alternative arrangement as described above, such failure to agree shall not create any right: (i) to unilaterally implement during the term of this Agreement any terms concerning the provision of 401(k) benefits to the players; (ii) to lockout; or (iii) to strike.

Beginning in 2027, the WNBA shall provide each retired player whose last day on a WNBA roster occurred before the beginning of the 2026 Season or will occur during the term of this Agreement, who: (i) has 4 or more Years of Service, (ii) is not covered under employer-sponsored, federal marketplace health insurance, or provincially sponsored healthcare plans, and (iii) is not employed by any of the WNBA Teams (or a Team Affiliate) in any capacity, a retiree-only health reimbursement arrangement (“Retired Player Health Reimbursement Account benefit”) with an annual reimbursement benefit of up to one thousand two hundred fifty dollars ($1,250) for substantiated Internal Revenue Service (“IRS”)-qualified healthcare expenses incurred by the retired player related to preventative screenings (e.g., annual routine physical examinations, annual OBGYN examinations, and mammograms). The Retired Player Health Reimbursement Account benefit shall be administered and operated in compliance *122 with IRS, U.S. Department of Labor, and U.S. Department of Health and Human Services rules applicable to such arrangements, as well as any Canadian laws, regulations or rules applicable to such arrangements. The WNBA and/or WNBA Teams shall not be required to pre-fund the Retired Player Health Reimbursement Account benefit. Expenses eligible to be reimbursed from the Retired Player Health Reimbursement Account benefit shall be limited to those expenses incurred by the eligible retired player only.

Any portion of the annual reimbursement benefit that remains unused at the conclusion of a given calendar year (i.e., the portion of the one thousand two hundred fifty dollars ($1,250) benefit that has not been used to reimburse eligible healthcare expenses) may be used through March 31 of the following year (the “carryover period”), subject to any reimbursement claims filing deadlines determined by the WNBA. Eligible retired players shall not otherwise be permitted to carry over any portion of their annual reimbursement benefit that is not utilized in one calendar year to any subsequent year. The eligibility requirements in Section 8(a) above remain in place throughout the carryover period such that a player who enrolls in employer-sponsored, federal marketplace, or provincially sponsored healthcare coverage during the carryover period is immediately unable to use any portion of the Retired Player Health Reimbursement Account benefit (i.e., incur healthcare expenses that could be eligible for reimbursement), including any unused portion of the benefit that carried over from the prior calendar year.

The Retired Player Health Reimbursement Account benefit will be continued only for the term of this Agreement; provided, however, that the WNBA and the Players Association reserve the right, by mutual written agreement, to modify, amend, or terminate, in whole or in part, the Retired Player Health Reimbursement Account benefit with *123 respect to any or all eligible retired players at any time or for any reason, and no eligible retired players (or other WNBA players or retired WNBA players) shall under any circumstances have any vested rights of any nature with respect to the Retired Player Health Reimbursement Account benefit or any retiree health benefit (whether or not the player or retired player has participated in the Retired Player Health Reimbursement Account benefit).

Deductibility of WNBA Payments/Regulatory Changes.

Subject to the requirements of Section 129 of the Internal Revenue Code, each Team will reimburse on a tax-preferred basis eligible childcare expenses as-incurred up to a per month limit equal to the Internal Revenue Code annual maximum for such calendar year divided by the number of months during which one or more Regular Season or Post-Season games are played. (For the 2026 Season, Regular Season and playoff games will be played across six (6) months and the Internal Revenue Code annual maximum is $7,500, resulting in a maximum reimbursement of $1,250 per month)) per player with one or more dependent children who are under age thirteen (13) and who, during the Season, are living with such player either full-time or for a significant amount of time (e.g., not solely visitation) pursuant to a custody arrangement (court-ordered or otherwise).

Each Team will be: (i) required to allow a dependent child aged 13 or under (or a dependent child of any age if such child has special needs) and (ii) permitted to allow a dependent child aged 14, in either case who lives with a player during the Season, to travel with the player (along with a caregiver provided by the player) to away games on Team-provided transportation and to provide the child and caregiver one hotel room (separate from the player’s hotel room) in the Team hotel during such travel. For clarity, a Team will also be permitted to allow a dependent child above the age of 14 (and their caregiver) to travel to away games on Team-provided transportation, but will have no other obligations with respect to the travel of such dependent child (and their caregiver). *125

During the Regular Season and playoffs, Teams will provide players with the following with respect to housing:

The housing referred to in the foregoing subsections (i)-(iii) shall consist of a two-bedroom unit if it is provided to any player whose children are under age thirteen (13) and who, during the Season, are living with such player either full-time or for a significant amount of time (e.g., not solely visitation) pursuant to a custody arrangement (court-ordered or otherwise). In the event that a player has an infant child living with her either full-time or for a significant amount of time during a Season and requests that a crib be available in housing provided by the Team, the Team shall make such crib available.

Neither the WNBA nor any Team may impose restrictions as to who may visit players in the housing referred to in subsections (a) and (b) above. Notwithstanding the foregoing, nothing herein shall excuse a player from complying with any reasonable training rules promulgated by the WNBA or a Team or with any reasonable occupancy regulations established by the owners or lessors (or their designees) of such housing. Any player who elects to stay in housing provided by the Team may, upon reasonable advance notice and subject to availability, elect to upgrade her unit to a larger unit, provided that such player shall pay to the Team the difference between the cost of the Team-provided housing and the larger unit.

Any player who, on or before the March 15 immediately preceding any Season, has entered into a Player Contract that is then in effect must notify the Team on or before the immediately succeeding April 1 whether she elects Team-provided housing (and, if *129 she elects team-provided housing, whether such player has a child living with her as described in subsection (b) above). All other players shall notify the Team of their housing election within fourteen (14) days of their execution of a Player Contract (and, if she elects Team-provided housing, whether such player has a child living with her as described in subsection (b) above). On or before the March 15 immediately preceding any Season, the Players Association may notify the WNBA that it wishes to have one or more of its employees conduct an inspection of any Team-provided housing, which inspection must be completed prior to the immediately succeeding April 1 at a reasonable time mutually agreed between the Players Association and the applicable WNBA Team. The parties agree to engage in reasonable discussions with respect to any issues with such Team-provided housing that arise as a result of such inspection.

During training camp, players will be provided, in the sole discretion of the Team, with either Team-provided housing or individual hotel rooms.

Teams will not be permitted to provide housing to any player other than in accordance with the foregoing clauses. However, Teams will be permitted to provide appropriate resources to assist players in finding and securing their own housing (e.g., references to real estate brokers or suggestions regarding apartment or corporate housing complexes).

When a Team is playing “on the road,” players traveling with the Team will be provided with individual hotel rooms in first class hotel accommodations.

Each Team will be required to use reasonable efforts to make the following arrangements for its players while they are “on the road”:

A player will receive first class travel accommodations (when available) from the city where she permanently resides to the city of her assigned Team for each Season she is under Contract to play in the WNBA.

A player who is assigned from one Team to another during the Season will receive first class travel accommodations (when available) from her prior Team’s city to the city of her new Team and will be reimbursed up to six thousand dollars ($6,000) for the actual and reasonable costs of shipping her personal belongings (including an automobile) from her prior Team’s city to the city of her new Team. At the conclusion of such Season, the player will receive first class travel accommodations from the city of her new Team to the city where she permanently resides. No expenses incurred by a player shall be reimbursed pursuant to this Section 3(b) unless they are pre-approved in writing by the Team. The Team to which the player’s contract is assigned will be the Team responsible for providing the player with the foregoing relocation expenses, and such Team will notify the player of such responsibility.

A player whose Contract is terminated will receive first class travel accommodations (when available) back to the city where she permanently resides.

Notwithstanding subsections (a), (b), and (c) above, where an assignment or a Contract termination requires travel (from the city where a player permanently resides or a prior Team’s city, as the case may be) of less than two hundred (200) miles, no airline ticket will be provided. Instead, the player’s actual and reasonable ground travel expenses will be reimbursed provided such expenses are documented to the appropriate Team. *131

Players will be provided with a per day meal expense allowance while playing for their Teams “on the road” and during the training camp period (but only if the Team does not pay for meals directly), as follows:

For purposes of this Agreement, a player shall be considered to be “on the road” from the time her Team leaves its home city until the Team arrives back at its home city.

When a Team is “on the road” for less than a full day, a partial meal expense shall be paid based upon the time of departure from or time of arrival in the Team’s home city, in accordance with the following: