Need-To-Know Money Lessons from the WNBA with Nneka Ogwumike

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 27 November 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The business of sports is going through a revolution— and the transformation is perhaps the most dramatic at the WNBA. Today Nicole speaks to Nneka Ogwumike, a player for the LA Sparks and the President of the WNBA Players Association. Nicole and Nneka talk about the growth of the WNBA, why being compared to the NBA isn’t actually helpful, and the difficult position these players are in after Britney Griner was held in Russia. Plus, Nneka gives advice for negotiating that she's put to work for her league, and anyone can use. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure See public.com/#disclosures-main for more information.

Transcript

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0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some many rehab. The business of sports is going through a revolution. With college athletes getting more opportunities to make money from college sports fandom than ever before,
0:24.9	the legalization of sports betting, and more ways than ever to watch.
0:30.0	Of all of the big developments in sports business, the one I find most fascinating right now is the WNBA.
0:36.0	And so I was stoked to talk to NECA Ogu MacKay, a ridiculously talented WMBA player for the LA Sparks.
0:42.0	She's also currently the president of the WNB. talented W MBA player for the LA Sparks.
0:42.8	She's also currently the president of the WNBA Players Association, a position she was elected
0:47.7	to in 2016 and then again in 2019.
0:50.8	Today we talk about the growth of the W MBA, why being compared to the MBA isn't
0:55.4	actually helpful and the difficult position these players are now in because
0:59.3	historically they've been able to supplement their income by playing abroad
1:02.3	when the season in the United States
1:03.8	ends, but that reality is more complicated now after Brittany Griner was held in Russia.
1:10.6	I especially love NECA's advice for negotiating that she's putting to work for her league and anyone can use.
1:17.0	Here's our conversation.
1:19.0	NECA Ogaumquet, welcome to Money Rehab.
1:22.0	Thanks for having me. So let's... Necca Oga MacKay, welcome to money rehab.
1:22.6	Thanks for having me.
1:24.4	So let's jump right in.
1:25.6	I know there's a lot of elements
1:27.2	that are problematic about comparing the NBA
1:29.4	and the WNBA, so I'm not gonna do a lot of that here, but to start out our conversation, I just want to throw out the pay and the investment discrepancy here because it is
	...

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