Overview

• Two new clubs, Breeze BC and Hive BC, lift the league to eight teams with 54 roster spots including six developmental players, and a fourth game night eliminates back-to-backs.
• The oversubscribed Series B led by Bessemer Venture Partners set the $340 million valuation, with investments from Serena Ventures, Warner Bros. Discovery and Trybe Ventures plus Trae Young and the Wagner brothers.
• Unrivaled generated about $30 million in inaugural-season revenue—roughly double projections—driven by TNT/truTV/Max coverage and sponsorships with brands such as Sephora, Ally and Under Armour.
• Players averaged roughly $220,000 and received equity in year one; salaries will rise in year two with equity offered selectively in new deals.
• New capital will expand the Miami footprint by about 15,000 square feet with a second practice court and added seating as the league prepares for its January–March 2026 schedule.