Common use of League-wide Guarantee Clause in Contracts

League-wide Guarantee. (1) As of the conclusion of each Season covered by this Agreement, the WNBA agrees that Team Salaries for all Teams, in the aggregate, will not be less than an amount equal to the sum of (i) the total number of WNBA Teams that played a full schedule of Regular Season games during such Season, multiplied by the Guarantee Level for that Season, and (ii) for each WNBA Team that played less than a full schedule of Regular Season games during such Season, an amount equal to the Guarantee Level for that Season multiplied by a fraction, the numerator of which is the number of Regular Season games played by the Team during such Season and the denominator of which is the total number of Regular Season games that a Team playing a full schedule of Regular Season games played during such Season (the “League-wide Guarantee”). For purposes of this Section 1(c), the Team Salaries for all Teams, in the aggregate, as of the conclusion of a Season shall include any payments to players with respect to such Season made by one or more Teams pursuant to Section 1(d) below.