National Women's Soccer League Announces Competition Updates Ahead of 2024 Season
Published on January 4, 2024 under National Women's Soccer League (NWSL) News Release
NEW YORK - The National Women's Soccer League today announced revisions to the league's competition guidelines slated to take effect for the 2024 season, including an increased salary cap, new transfer fee policy and other updates.
The league has instituted a $2,750,000 salary cap to be used against a 22-26 player roster for the 2024 campaign.
Starting this year, the league will begin phasing out Allocation Money. Teams will no longer be able to purchase Allocation Money and must spend or withdraw any outstanding monies that have been funded and rolled over from previous years by December 31, 2026.
In addition, the NWSL has established a net transfer fee threshold of $500,000, encompassing both intra-league trades and inter-league transfers, whereby fees paid for incoming players will be offset by the value of fees received for outgoing players. Net fees paid by a team in excess of $500,000 will incur a 25 percent charge towards that team's salary cap.
Teams are no longer required to use Allocation Money to pay for transfer and trade fees.
The NWSL has implemented a Related Party Transaction policy establishing parameters for NWSL teams with investor(s) who maintain a majority stake in or position of influence with a non-NWSL team and seek to loan and transfer players between the two clubs.
Lastly, the NWSL has released a revised Under-18 Entry Mechanism that will now allow teams a maximum of four U18 players between its senior roster and Entry List.
The full 2024 competition guidelines will be shared at a later date.
National Women's Soccer League Stories from January 4, 2024
- Angel City Football Club Signs Defender Elizabeth Eddy to New Contract - Angel City FC
- Gotham FC Signs FIFA Women's World Cup Champions, Olympians, And USWNT Players Rose Lavelle and Emily Sonnett - NJ/NY Gotham FC
- Bay FC Opens 2024 NWSL Preseason January 22 - Bay FC
- San Diego Wave FC to Join Coachella Valley Invitational for Preseason - San Diego Wave FC
- Courage Recall Goalkeeper Hensley Hancuff from Loan to Växjö DFF - North Carolina Courage
- Thorns FC Set to Participate in 2024 Coachella Valley Invitational - Portland Thorns FC
- Chicago Red Stars Sign Midfielder Chardonnay Curran - Chicago Stars FC
- Racing Signs Former UK Standout Yuuka Kurosaki - Racing Louisville FC
- National Women's Soccer League Announces Competition Updates Ahead of 2024 Season - NWSL
- Registration Opens for Racing's 2024 Team Tryouts - Racing Louisville FC
- Washington Spirit Names Kim Stone Club's First Chief Executive Officer - Washington Spirit
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