Overview

• The season-based venture plans five-on-five men's and women's leagues with tournaments across North America, Asia, Europe and Latin America, running through April in potential overlap with the NBA but not the WNBA’s summer slate.
• Skype co-founder Geoff Prentice and former Facebook executive Grady Burnett lead the project, with Alana Beard serving as co-founder and chief basketball officer.
• Athlete backers include Novak Djokovic, Sloane Stephens, Candace Parker, Alana Beard and Steve Young, with investment firms Mangrove Capital, Quiet Capital and Sequence Equity also involved.
• Burnett says the league will offer the highest salaries and equity packages in women's team sports, positioning it as a premium destination for top players.
• A spokesperson confirmed Carter provided early consultation and exited months ago, LeBron James is not involved, and any player commitments have not been disclosed.