The Cap Sheet
Breaking down the business of sports — salary caps, valuations, TV deals & more.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 45 | Founded | 5 months ago | Last Issue | 5 days ago |
| Active | |||||
Read this Newsletter
capsheetofficial.substack.comLatest Issues
The Cap Is a Percentage Now
On 21 November 2025, Premier League clubs voted 14-6 to abolish the Profitability and Sustainability Rules. The replacement takes effect with the season that starts tomorrow.
Fourteen was the exact number required. This passed by nothing....
Promotion Is Not a Prize. It Is a Purchase.
Coventry City’s most recent published accounts show revenue of £34.1m.
The lowest-earning club in the Premier League last season is estimated to have collected around £109.5m in central payments alone.
Coventry won the Championship by ele...
The Price of Owning Yourself
On March 24, 2026, the WNBA Board of Governors ratified a seven-year collective bargaining agreement that raised the salary cap from $1.5 million to $7.0 million in one step.
Nearly five times, in a single offseason. The headline is accura...
The Subsidy Was Never Charity
The average WNBA team is worth an estimated $427 million. That is up 59% in a single year, in a league that has reported losses for most of its 29 seasons.
Both things are true at the same time, and the second one is the reason the first o...
Borrowing Against 2027
In February, Kansas City was more than $50 million over the projected salary cap. It fixed $43.56 million of that in a single afternoon without releasing one player.
The move was a restructure of Patrick Mahomes’ contract. The Chiefs conve...
Key Facts
Audience Metrics
Subscribers, engagement, traffic and sponsorship for The Cap Sheet.
| Subscribers | Engagement | 66 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
Explore More
Authors
The writers behind this newsletter.
Breaking down the business of sports - salary caps, valuations, TV deals & more.
Frequently Asked Questions
How can I access the email archive for The Cap Sheet?
You can find recent issues that have been published by The Cap Sheet on Reletter by scrolling up to where it says Latest Issues. Tap on the link for any of the most recent emails or hit More Issues to see older ones.
How many subscribers does The Cap Sheet have?
To see how many people subscribe to The Cap Sheet, simply upgrade your Reletter account. We provide readership numbers and lots of other stats for this newsletter so you can decide if it's worth reaching out to.
How can I advertise in The Cap Sheet?
Newsletter advertising can be extremely effective when it's done right. Before you pitch The Cap Sheet as a potential sponsor or partner, make sure that you've done your research and checked its newsletter stats with Reletter.
Then, personalize one of our winning pitching templates and send it to the right person using the contact info provided.
How much does it cost to sponsor a publication like The Cap Sheet?
Newsletter ad rates (or CPM) vary depending on many factors, including industry, number of subscribers, open rate, ad placement and more.
To find out how much an ad will cost, contact The Cap Sheet using the contact information provided and ask for a copy of their media kit.
How can I find newsletters related to The Cap Sheet?
Scroll up to where it says Related Newsletters to see other publications like The Cap Sheet. You can also search our email newsletter directory to discover other newsletters that cover the topics you're interested in.
How do I contact The Cap Sheet?
Reletter provides this newsletter's website URL above, where you will often find their contact information. We also provide links to associated social media accounts and pitching templates so you can reach out fast.