The Raine Group along with other sports and media investors are teaming up with Lacrosse star Paul Rabil, the first person in the sport’s history to nab a million dollars worth of sponsorships, to form a new league. The Premier Lacrosse League (PLL) is slated to launch next summer with six teams.
Bloomberg reports that the league will feature many of the biggest stars from Team USA and Team Canada. The players will be full-time employees, receive health benefits and have an equity stake in the league according to published reports.
Currently, professional Lacrosse players in existing leagues often have second and third jobs.
The league, rather than having traditional city-based clubs, will have different teams travel to cities to play matches on Saturdays and Sundays.