Today, the calculation has changed. The latest example is Azzi Fudd, the No. 1 draft pick of 2026 and now a star on the Dallas Wings. She’s the latest player to join Project B, Fortune is the first to report. Project B is an international men’s and women’s basketball league being built by a former Facebook exec, the cofounder of Skype, and advised by LeBron James’ business partner Maverick Carter. In early 2025, Bloomberg reported that Project B was seeking to raise as much as $5 billion as it works to make basketball the top global sport—ahead of soccer. Cofounder Grady Burnett says that number was a “little high” and the league has completed its capital raise; he declined to confirm how much funding the league has raised.

Project B hasn’t started play yet, but is planning to debut in January Formula 1-inspired “grand prix-style” basketball for men’s and women’s players in six cities, including Tokyo and Valencia, Spain. The model is that underutilized arenas will pay Project B to bring international stars to their cities, allowing the league to build an asset-light business. “It’s putting athletes on a global stage, connecting with fans in all parts of the world,” Burnett says. Like the domestic 3-on-3 league Unrivaled, which has also emerged as an off-season opportunity for women’s players, it offers players equity in the business.

For Fudd, international play was appealing. As an elite college athlete, the 23-year-old has been busy training stateside for most of her life and is excited by the opportunity to travel. “I want to be able to broaden my experience and go outside of just America,” she told Fortune. Her dad, Tim Fudd, played basketball abroad and she grew up hearing stories from him and other players about their experiences in other countries.

For the right player, international play can also be a business opportunity. Fudd traveled with Steph Curry to Chongqing, China last summer, and fans approached her with copies of Slam magazine, photos to sign, and custom Labubus. “People who are fans of me all around the world—I’m so far from home, in a country I’ve never been to, and people cheer for me, give me gifts, and welcome me with open arms—it was such an unreal experience,” she remembers. “It opened my eyes to just how much more is out there and how basketball can open the doors to so much.”

It’s also a different calculation for a post-NIL player like Fudd, who came into her professional career with more than 800,000 followers on Instagram and a similar following on TikTok. She already has major sponsorships in the U.S., like a deal with the hair color brand Madison Reed. She’s not building a personal brand in the U.S. from scratch in her first year, like players of earlier generations. The additional opportunity for her now is building her fandom abroad; for the Chinese market, she’s getting on the TikTok-like platforms Douyin and Rednote.

“What’s incredible now is that players have that option—they can go if they want, they don’t have to, they can stay if they want. It’s not forced,” Fudd says.

Meanwhile, the WNBA and NBA are both becoming more international themselves. With this year’s higher salaries after its new collective-bargaining agreement, the WNBA is attracting more players from outside the U.S.; in the NBA, an international player has won MVP for the past eight seasons. Burnett looks to soccer, which has multiple leagues that bring in more than $1 billion in revenue; he sees an opportunity to build the same competitive landscape in basketball.

Project B faced some controversy due to reports it was funded by Saudi money, a hot-button issue in sports. Burnett says the league accepted no Saudi capital; it worked with the Saudi Public Investment Fund-owned entertainment vendor Sela, but he says that partnership is no longer active.

Other players who have signed on to Project B include Nneka Ogwumike, Alyssa Thomas, Kelsey Mitchell, and Jewell Loyd. The league hasn’t announced any men’s players yet—and the men’s league is poised to be more disruptive to the NBA, where the off-season is short and the league would conflict. Burnett has framed its strategy as “extending the careers of established players” from the NBA.