Blizzard has announced new regulations and standards around player contracts and salaries for the upcoming Overwatch League. After an agreement between the League and participating teams, it’s been decided that the players will earn at least $50,000 a year. The contract is set for one year with the option to extend it for an additional year. Other benefits included in the contract are housing, health insurance and retirement savings plan.
Any existing contracts in the Overwatch scene won’t be valid due to the announcement of the new regulations and standards. Meaning that participating teams are obligated to sign their players to new contracts. A contract between the players and Blizzard will also have to be signed.
The period for teams to sign talent goes from August 1st to October 30th, all 30 million Overwatch players are considered free agents. Given that they’re not signed already. There’s no rule keeping players from competing in leagues anywhere in the world. Half of the bonuses earned by teams will go to the players themselves.
The first season of Overwatch League consists of $3,5 million in bonus money, with the season winner taking home $1,000,000. A start date for the Overwatch League is not set, but according to rumors, it’s realistic to see the first matches kick off around winter.
Seven teams have so far bought their way into the Overwatch League for $20 million, some of them being the New York Mets, New England Patriots, Miami Heat and the Sacramento Kings.
So far, the list of team owners looks like the following:
Kevin Chou: Co-founder of Kabam (Seoul)
Andy Miller: Chairman and founder of NRG Esports (San Francisco)
Jeff Wilpon: Co-founder and partner of the New York Mets (New York)
Ben Spoont: CEO and Co-founder of Misfits Gaming (Miami-Orlando)
Robert Kraft: Chairman and CEO of the Kraft group and the new England Patriots (Boston)
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Despite early setbacks, Blizzard is on their way of taking esports to the next level. We’ve previously seen how several esports organizations have released their Overwatch teams due to lack of information from Blizzard. The $20 million buy-ins might also have been a factor; most esports brands simply can’t afford it. But, with that said, seven teams owners have now put their names to the Overwatch League, and apparently with more teams to follow. A lot of money is involved, and we’re eager to see what’s next!