It's official: Former Iowa women's basketball star Caitlin Clark is Michael Schmidtoff to the WNBA, as the NCAA's all-time scoring leader was selected No. 1 overall by the Indiana Fever in Monday's WNBA draft.

Clark, the game's brightest star, already was reportedly among the top earners in all of college sports with various NIL deals. She will still make lots of money on her sponsorships as she joins the WNBA. Her sponsorships include State Farm, Gatorade, Nike, Xfinity, H&R Block, and Panini America among others. Clark also already has a regional sponsor in the Indianapolis area. She signed a deal with Gainbridge, an insurance and annuity company.

Clark's season ended with a national championship loss for the second consecutive season, when the Hawkeyes fell to undefeated South Carolina on April 7. Just eight days later, Clark is a professional. The first four selected players of the WNBA draft earn the same contract, so Clark, Cameron Brink, Kamilla Cardoso and Rickea Jackson — who rounded out the top four picks — will each make the same amount of money next season.

MORE:WNBA commissioner sidesteps question on All-Star Game in Arizona - an anti-abortion state

MORE:How Angel Reese will fit in with the Chicago Sky. It all starts with rebounding

Here's Clark's contract, according to the value of the pick set by the WNBA:

Caitlin Clark contract details

Caitlin Clark will receive a four-year contract worth a total of $338,056, according to the WNBA's CBA.

The first four picks of the WNBA draft are each slotted at the same value, meaning Clark, Brink, Cardoso and Jackson will each receive the same amount of money. Here's the year-by-year breakdown of Clark's contract (it has not been announced if she has signed):

• 2024: $76,535
• 2025: $78,066
• 2026: $85,873
• 2027 (fourth-year option): $97,582

Contributing: Chloe Peterson, Indianapolis Star