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Volleyball’s $325M Serve: A Future-Defining Moment

August 07, 2025 | Edition #26

Hey there!

The game is changing — but for whom? In 2025, Coco Gauff made $34M. Cristiano Ronaldo? $275M. So no, the gap isn’t closed. Women’s sports are finally getting airtime and buzz, while men’s leagues cash in with equity and billion-dollar deals.

But the shift is real:
🏐 A $325M volleyball league merger
🏀NBA’s first $80M/year? Dončić is close

This week, we’re tracking where the power’s moving — and who’s still chasing it.

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Not long ago, volleyball was barely a blip in U.S. pro sports. Today, it’s a top-5 most-watched NCAA women’s sport—just behind basketball and softball. Surprising? A bit. But it tracks: volleyball has quietly ruled youth sports for over a decade. What started as a low-contact YMCA game is now a fast, powerful favorite for Gen Z. Still, the pro scene was missing:

  • Scattered leagues

  • Rare sponsorships

  • Little media coverage

It was everywhere at the grassroots, but nowhere at the top—until now.


Volleyball might be America’s next major league. But how?

Pro volleyball just got its biggest power move yet. The Pro Volleyball Federation (PVF) and Major League Volleyball (MLV) have merged, creating a new unified league valued at $325M, backed by $40M in fresh funding from major sports investors.

Who’s behind the merger?

 PVF (Founded in 2022)
  • Founders: Dave Whinham & Stephen Evans

  • CEO: Jen Spicher

  • Core team: Cecile Reynaud, Laurie Corbelli, Logan Tom

  • Investors: Joe Burrow, Kerri Walsh Jennings, Jason Derulo, the DeVos family.

MLV (Launched January 2025)
  • Founders: Danny White, Vivek Ranadivé, Kerri Walsh Jennings, Benjamin Priest

  • Initial funding: $100M+

  • New investment: $40M from NBA, MLS & NWSL team owners

The merged league keeps the MLV name, integrates PVF’s partnerships, and brings in Talisman (global growth strategy) and Hurrdat Sports (media/PR). Why merge? Because pro volleyball was rising, but the business model was fractured. And the sport needed a reset.


Volleyball’s breakout moment is now

The NCAA laid the foundation:

  • Aug 2023: Nebraska Volleyball drew 92,003 fansa world record for women’s sports

  • 2024 NCAA Final (Texas vs. Nebraska):

    • 1.7M average viewers on ABC

    • Over 1.3 billion minutes were viewed during the tournament

Despite this, the pro space was cluttered. Too many leagues. No continuity. No national story. Sponsors had no roadmap. Fans had no next step. The merger changes that.


The media power play

Now, there’s something media companies can actually scale.  In early 2025, PVF (now folded into MLV) secured deals with CBS Sports, FOX Sports, and Roku.

  • 45 matches nationally televised in 2025

  • Roku streams free via the Sports & Women’s Sports zones

The new league is now aiming bigger: Amazon, Apple, ESPN, and Paramount+ are all in talks. And it’s not just games—original content is coming.

  • College-to-pro athlete journeys

  • Docuseries on breakout stars

  • Behind-the-scenes training stories

It’s a playbook that worked for the WNBA and NWSL, and now volleyball is following suit. But how did leagues like the WNBA and NWSL get there?

Catalyst for Pro Volleyball’s Growth

League

Media deal

Partners

WNBA

$200M/year

Disney (ESPN/ABC), NBCUniversal (NBC/Peacock), Amazon

NWSL

$60M/year

CBS, ESPN, Amazon, ION Network

The takeaway? Consolidation fuels scale. And volleyball just put itself on the same path.


How early investment in college stars could pay off big?

Volleyball’s next breakout isn’t just structural—it’s personal. Players are now powerful brands. Between 2021 and 2024, NIL deals in volleyball jumped 935%. The sport now ranks #4 in NIL earnings and #3 in total NIL activity across all NCAA sports.

Top players like Lexi Rodriguez, Bergen Reilly, Merritt Beason, Andi Jackson, and Izzy Starck are already building strong brand equity, and their sponsors like Avoli and Crescent are targeting the Gen Z athlete market. Now, with a unified pro league, brands can invest early—and fans can follow stars from day one.

The risks still loom…

Even with the hype, there’s no guarantee. The biggest watch-outs:

  • Too many leagues? PVF, MLV, AU, and LOVB still exist (for now)

  • Media burnout? Will viewers stick beyond the first season?

  • Fan loyalty? Will college fandom translate to pro?

  • AU competition? Athletes Unlimited’s short-season, player-led model still pulls major talent

Bottom line: only one league is likely to win long-term.


What to watch next

The $325M merger is a milestone—but the next 6–12 months will define what sticks. Media deals are in motion, with Amazon, Apple, and ESPN circling. Team expansion is on the table too, with Lincoln, Austin, and Gainesville in the mix. NIL-fueled rookie signings are reshaping the talent pipeline. And all eyes are on AU and LOVB—will they merge, compete, or fade out entirely?

The hype is real. The timing is right. Volleyball finally has the infrastructure, audience, and investor backing to break through. Now it’s about execution—and giving fans a league they can believe in.


While WNBA stars are still fighting for fair pay, NBA players are entering a new era - one where $80 million a year is on the table. That’s Patrick Mahomes' money… for dribbling a ball. But that’s exactly the point.

Let’s compare:

  • Jackie Young (highest-paid WNBA player in 2025): $252,450

  • Shai Gilgeous-Alexander (Highest-paid NBA player in 2025): $38.33 million

  • Difference? $38.08M. One player earns 151× more.

And even that’s not the ceiling. Because a 26-year-old Slovenian star is about to rewrite the rules.

Luka Doncic: The NBA’s first $80M-a-year player

It started with a viral tweet: Luka in a Lakers jersey, photoshopped with the caption, “First $80M/year player? $400M to the Lakers?” Just a fan mockup, right? Kind of.

Now it’s real.

On August 2, 2025, Luka signed a 3-year, $165M max deal with the Lakers — including a 2028–29 player option — signaling a larger shift in the NBA, as the data below shows.

That’s where things get wild. Luka will qualify for the 35% supermax in 2028—just as the NBA’s salary cap explodes:

  • 2024–25 cap: $140.6M

  • Projected 2028–29 cap: $200M–$230M

  • At 35% of a $220M cap, Luka's salary starts near $77M; bonuses could push him past $80M/year

So yes, Luka will likely sign a 5-year, $417–418M deal by 2028. That’s $1M per game if he plays the full 82. And he might not be alone for long.


Why is Luka getting paid this much

It’s not just stats—it’s strategy. Luka isn’t just a top-5 player; he’s a global brand. Here’s the breakdown:

  • Lakers’ valuation: $7.1–$8.1B (NBA’s richest + $175M revenue in 2024)

  • Luka’s IG following: 10.5M (and growing)

  • Top-selling jersey in 2024–25

  • FIBA MVP, led Slovenia’s World Cup run, boosted tourism

Luka isn’t just a star — he’s a market. The Lakers took on his $43M mid-season salary, giving up his supermax eligibility, and still locked him in. Can they recoup that investment? Surprisingly, yes.


The math behind Luka’s $417M deal

  • Merchandise: Luka’s jersey dominance could generate $150M–$200M in team gear sales by 2028

  • Media rights: The Lakers' current $185M deal could rise to $218M+ with Luka leading

  • Sponsorships: Luka’s presence attracts premium deals; Bibigo, Wish, and others are already in

Big picture:

The NBA’s new 11-year, $76B media deal (2.5× the last) is pushing the cap—and salaries—way up. Luka’s $80M contract is just the beginning.

His next deal will be cap-linked, like Mahomes in the NFL. As the cap rises, so will his pay—think $90M+ per year by the early 2030s.

And Luka’s just the start. Who’s next?


Already in the pipeline:

  • Anthony Edwards: On track for a $345M+ supermax by 2027 — $82M/year range

  • Paolo Banchero: Rising fast as Orlando’s franchise cornerstone

  • Bronny James: If he lives up to the hype, supermax-ready by 2030

  • By the early 2030s, $400M–$500M contracts will be standard for NBA elite.


Players want ownership, too

NBA players aren’t just chasing bigger salaries—they want equity.

As Steph Curry puts it: “We’re underpaid.” Not because they need more money—but because they’re building the league’s billion-dollar brand.

What players want: A slice of the pie—equity pools worth $2–6B, profit-sharing from merch, tickets, and media deals, and in some cases, actual ownership stakes in teams.

New models are already here:

  • LeBron’s $5B global league: Includes equity + rev share from Day 1

  • Unrivaled: The athlete-led startup offering players ownership

This is the future: Players aren’t just labor—they are the product. And now they want equity.

By 2028, Luka could be the NBA’s first $80M/year player—and maybe its most profitable. The $400M contract era is here. $500M is next. So… who’s next?


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