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What Recent WNBA Salary Negotiations Teach Us about Negotiation Salaries to Severance Agreements
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The disparity in salaries between NBA and WNBA players has been a hot topic in recent weeks. Understanding the intricacies of negotiation, whether for salary, benefits, or severance agreements, is crucial for employees in any profession.
We can gain valuable insights into negotiation strategies applicable in various professional contexts by drawing comparisons from the sports world, particularly the WNBA’s recent discussions around player salaries.
Just like sports agents negotiate contracts based on their athletes' worth, employees can leverage their skillsets and contributions to negotiate better terms upon exit or during their tenure.
Zachary Aman, an attorney with The Spiggle Law Firm, joins Tom to share his insight on this episode of the podcast.
Tom and Zachary share insights into the intricacies of legal negotiations, emphasizing the calculated trade-offs between immediate settlement benefits and long-term goals. They discuss the critical role of mediators in facilitating successful outcomes and the importance of understanding one's bottom line before entering intense negotiations.
Chapters
(00:00) What we can learn from recent WNBA draft and salary negotiations
(05:21) Why you want to determine your “walk away” point prior to starting negotiations
(10:57) It’s not just the money - understanding the total package of an offer
(15:18) The value of a private mediator
(16:58) A cautionary tale about mediation
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Disclaimer: This information is not intended to be legal advice. This is for educational purposes only. If you are seeking legal advice, please talk to a lawyer.
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