CNBC’s Dom Chu with WNBA Commissioner Cathy Englebert, join 'Money Movers' to discuss the American Century Golf Tournament, expanding the WNBA and the league's growth,

WNBA Commissioner Cathy Engelbert spoke about the league's significant growth, noting that average franchise valuations have risen from $5 million to between $260 million and $270 million. Engelbert attributed this surge to increased revenues from ticket sales, corporate partnerships, and media deals, including a new national agreement with NBC. 

The commissioner also highlighted the league's ongoing expansion, with new teams recently announced for Cleveland, Detroit, and Philadelphia, and further additions planned for Toronto and Portland. Engelbert emphasized the importance of balancing expansion with player opportunities and maintaining strong talent pipelines from both college and international levels.

WNBA Commissioner: Valuations going up from $5M to $260M on average

Let's bring in Dominic Chew. He's at the American Century Championship in Tahoe and joins us with a special guest. Hey Dom Absolutely. Kathy Engelbert the WNBA commissioner is with us right now. And as she just mentioned a Magnificent setting for not just golf but for everything else in Lake Tahoe. Thank you for being here with us Great to be here, Don All right So let's talk a little bit about first why you're here you are going to be playing in this celebrity and golf tournament that happens Why are you doing this? What are you are you a golfer? Are you having fun with this? Do you feel as though this is something that you want to do not just for yourself? But for also the profile of the WNBA right all the above certainly. There's a lot of corporate partners out here There's a lot of great You know NBA and former NBA players who have obviously been huge supporters and advocates for the W as well Chatted with Steph Curry and Grant Hill last night and Kyle Lowry. So so some fun, but some work, too All right. Now Carl had mentioned just now this idea that there's an expansion mode that's happening That is not without a reason. There is a lot of popularity that's growing for the WNBA The iron is as hot as it's ever been How do you capitalize on that and really start to take that momentum higher? Well, you know in any business scale is important So I came into the league We were 12 teams who weren't in the Bay Area and now look at the Golden State Valkyries who just tipped off this season They're killing it and then we felt that a team was the right number for now through the end of the decade So we just added Cleveland Detroit and Philly just a week ago announced and they'll come in in 28 29 and 2030 And so I think a team will be the right number But you're trying to balance the game and the players and the opportunities for more roster spots for players You're balancing all that with great cities that either had W teams before or never had them like Philly and Golden State So And then next year, we'll add Toronto and Portland So we're in a good place and I think the talent is there both at the college level and the international level There's also a huge case being made right now that there are a lot of tailwinds Not just for women's sports, but for sports in general. I speak specifically with regard to team valuations What can you tell us about how the valuations picture is looking for the WNBA? These of the all of the other valuations we've seen skyrocket across major league sports Yeah I think we've run into the confluence of a lot of positive elements as it relates to valuation whether it's a valuation of the patch on the uniform an ad spot on a media buy Or the valuation of a franchise and that's all driven by revenue and a multiple of revenue and about five years ago That wasn't quite there for the W or women's sports We raised capital in February of 22 that helped us grow the league from what I call an adolescent into kind of a young adult Now and we're maturing and so we're in a hyper growth phase So I think our teams are now seeing a lot more revenue for gate for their corporate partnership for local media deals We've obviously just signed including with NBC a great National media deal to start next year And so that all drives into the multiple ultimately and the in the valuation evaluations have gone from five to two hundred and sixty two hundred and seventy million on average

The Ventura County Fire Department said they responded to calls of people having breathing problems at a farm in Ventura County, California, after federal agents appeared to deploy tear gas canisters into the crowd.

Ventura County

Intense standoff in California between protesters, federal agents

A federal judge has green-lit a class action lawsuit challenging President Trump's executive order to end birthright citizenship and issued a preliminary injunction blocking the order.

Washington

Judge blocks Trump's birthright citizenship order

A partial tunnel collapse in Los Angeles temporarily buried 31 workers in Los Angeles, California. CBS News' Carter Evans reports on the rescue operation.

Los Angeles

31 trapped workers rescued after tunnel collapse

U.S. Secretary of State Marco Rubio expressed “disappointment and frustration” over continued Russian attacks on Ukraine and said new sanctions on Russia are a “real option.” Kylie Atwood has more details from Kuala Lumpur, Malaysia.

Kuala Lumpur

Global Tariffs

Rubio: New Russia sanctions a ‘real option’

With Russia again bombarding Ukraine with drones, U.S. President Donald Trump says he’s considering sending another missile defence system to Ukraine.

Kyiv

Ukraine Invasion

Trump muses missile defence system for Ukraine

Officials in Texas are promising to address concerns about flood warnings in parts of the state, but say the ongoing search-and-rescue efforts must be complete first.

Texas

Texas officials to address flood warnings after search complete

Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk's social media company. Yaccarino's departure comes one day after the company's Grok chatbot began pushing antisemitic tropes in responses to users.

San Francisco

Yaccarino steps down as CEO of Elon Musk's X

Parts of Ukraine were on fire overnight after Russia launched its largest drone attack on Ukraine since the war unfolded. Just hours earlier, Trump directly called out Vladimir Putin for stalled peace talks.

Moscow

Trump calls out Putin for stalled peace talks

The Trump administration branded the event as one of the steps it is taking to reshape its relationship with the African continent.

Five African leaders have lunch with Trump

The search continues in central Texas for the more than 160 people still missing from the deadly floods that hit over the Fourth of July. CBS News reporter Karen Hua has more.

Kerr County

Recovery operations ongoing in Texas as more than 160 still missing

U.S. President Donald Trump announced on social media that he issued tariff letters to Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.

Trump sends tariff letters to six more countries

Video released by the Houthi media center shows the bulk carrier ‘Magic Seas’ being attacked and later sinking in the Iran-backed rebel group’s first attack this year on a commercial shipping vessel in the Red Sea.

Sana'a

Middle East Conflict

Houthi rebels claim responsibility for attack on ship in Red Sea

The European Court of Human Rights in Strasbourg ruled Russia violated international law in Ukraine and was responsible for the downing of Malaysia Airlines Flight MH17.

Top European court rules Russia violated international law in Ukraine

The death toll from the July Fourth flash flood that ravaged a swath of central Texas Hill Country rose on Tuesday to at least 109, many of them children, as search teams pressed on through mounds of mud-encrusted debris looking for scores of people still missing.

Texas flood death toll hits triple digits, tally of missing tops 180

U.S. President Donald Trump pushed back during his Cabinet meeting about a question regarding Jeffrey Epstein. The DOJ claims Epstein had no list of clients, which is drawing criticism from some of the president's supporters.

Trump questioned over report saying Epstein didn't have client list

The copper industry is facing new uncertainty after U.S. President Donald Trump said he will impose 50 per cent tariffs on all copper imports. More than half of all Canadian copper exports go to the U.S.

Ontario

Trump threatens 50% tariff on copper imports

CNN’s Josh Cambell reports on questions over a lack of flood warning signals and lagging investment in river gauges in Kerr County after deadly floods killed over 100 people in Central Texas.

Officials face questions over preparedness for Texas floods

Hundreds of firefighters battled a fast-moving wildfire that reached the outskirts of the southern French city of Marseille on Tuesday, forcing people to stay indoors and the nearby airport to close.

Marseille

France wildfire shuts down Marseille airport

Liverpool's Portuguese forward Diogo Jota was probably speeding when the Lamborghini car he was driving crashed in northwestern Spain, killing him and his brother, police said in a preliminary report.

Cernadilla

Liverpool's Jota likely speeding when car crashed, police say

French President Emmanuel Macron arrived in Britain on Tuesday for a state visit mixing royal pageantry with thorny political talks about stopping migrants from crossing the English Channel in small boats.

London

UK royals welcome France's Macron for state visit

U.S. President Donald Trump said the U.S. will send more weapons to Ukraine as Russian attacks intensified in recent weeks. The decision comes after the U.S. halted certain shipments last week.

Trump says U.S. will send more weapons to Ukraine

Brazil hosted the second and final day of the 17th BRICS Summit in Rio de Janeiro on Monday.

Rio de Janeiro

BRICS summit ends on health issues, role of global south countries

U.S. President Donald Trump, hosting Israeli Prime Minister Benjamin Netanyahu at the White House, said the United States had scheduled talks with Iran and indicated progress on a controversial effort to relocate Palestinians out of Gaza.

Netanyahu meets Trump as Israel, Hamas discuss ceasefire

Search teams continue to look for survivors after catastrophic flash floods overwhelmed parts of the US state of Texas. About 100 people have been killed and dozens more are missing. Officials say the National Weather Service didn't provide enough warning of the heavy rain.

Rising Texas death toll fuels anger over 'inadequate warning'

Leaders of BRICS have warned of the dangers of tariffs - saying they don't want a confrontation with US President Donald Trump. The group of emerging nations made the comments at their summit in Brazil. They also discussed Gaza and tensions in the Middle East.

BRICS summit rejects U.S. tariff threats, tackles trade and Gaza

Video captured by a BBC News crew shows French police slashing a boat filled with migrants trying to cross into the U.K. The crackdown comes ahead of a summit this week between the French president and British prime minister.

French police slashing migrants’ boat in crackdown

President Donald Trump's Justice Department and FBI released a memo concluding that there is no evidence Jeffrey Epstein had a "client list." The FBI confirmed that more than 1,000 victims were harmed by Epstein.

FBI: Epstein investigation turned up no 'incriminating client list'

The death toll from the devastating floods in Texas has risen to at least 90 as rescue workers continue to search for dozens of missing people. At least 27 campers and counselors at Camp Mystic in central Texas died in the floods.

Kerrville

At least 90 people killed in Texas floods

A shooter is dead after opening fire at a U.S. Border Patrol building in McAllen, Texas, a Department of Homeland Security spokesperson said. CBS News' Shanelle Kaul has the latest updates.

McAllen

Shooter killed after opening fire at U.S. Border Patrol building

Israel’s military launched airstrikes early on Monday targeting ports and facilities held by Yemen’s Houthi rebels. The strikes followed a suspected Houthi attack on a ship in the Red Sea.