99% Americans’ Crisis Now Haunts Caitlin Clark Due to Her New WNBA Contract – Here’s Why

A new debate about the #1 WNBA draft pick, Caitlin Clark’s rookie contract, has hit the news and social media circles. According to the contract, her annual salary in 2024 will be $76,535. This amount will then be promoted to $78,066 in 2025, and in a similar pattern, it will be $85,873 in 2026, and $97,582 in 2027. Has it been limited to being less in comparison to the NBA rookies? However, people are turning their minds over to a different concern.

What seems to be the problem is that Caitlin Clark will not be able to buy a house, with this kind of salary in her rookie contract. Why is that? Let’s find out.

Caitlin Clark is not the only one who can’t afford to buy a house

In the last four years, US housing prices have seen a massive surge crediting to the pandemic’s impact on the economy. As a result, buying a house in the U.S. has become a forced luxury that an average American, or 99% of the American population, can’t afford. This applies not only to the metropolitan but also engulfs places situated far from the central business districts.

Per a recent survey report, an average person who is earning $72,000 as an annual salary is not in a position to buy a house anywhere in the United States. It also applies to people making around $407,200 approximately in a year.

Another reason for widening the gap is high mortgage rates. Last year, the mortgage rates rose above 7%, causing people to back off from owning an average property. Moreover, real estate dealers and builders charge a price sky high, that too for a minimal countryside home, because of the unbalanced mechanics of supply and demand.

In simple words, this problem is three-fold. Firstly, the high mortgage prices are not letting people buy a house. Secondly, homeowners are quoting double the price for the same property. And the third reason is that real estate dealers cater only to the rich class. All these factors have hung the average working class out to dry and chip away. In addition, a huge lack of new inventory, i.e. people who need to move because of a life-changing event, like a new job, new baby, marriage, or divorce, are the only ones who are selling, hence, the high prices.

However, the main issue still hasn’t been addressed – How will Caitlin Clark buy a house with such a small portion in the form of an annual salary?

Endorsements might come in handy

Clark may be a WNBA rookie. However, her NIL deals hold a value much more than decent. She capitalizes on dazzling deals with major brands, including the Vinyl Studio, Nike, Gatorade, State Farm, Buick, Xfinity, Gainbridge, Topps, Bose, Shoot-A-Way, Hy-Vee, and H&R Block.

Her NIL is worth approximately more than $3 million annually, according to On3. So, Clark may not be facing these financial challenges she appears to be.