Sep 26, 2013, 3:03 PM EDT
The United States Soccer Federation’s tax forms and the amount it pays its coaches are no secret. This week, U.S. Soccer released its audited financial statements for the year ending March 31, 2013.
It sits among a treasure trove of financial data from the federation dating back to 2006 on its website. Among the information listed is U.S. men’s head coach Jürgen Klinsmann and women’s head coach Tom Sermanni’s contract details.
Klinsmann is under contract through Aug. 31, 2014, making $2.5 million per year. His potential bonus for the U.S.’s performance at the 2014 FIFA World Cup ranges from $500,000 to $10.5 million — presumably increasing the further the team progresses in the competition.
Sermanni’s deal runs out Dec. 31, 2016. His base salary ranges from $195,000 to $210,000 throughout his contract, and he is up for bonuses between $25,000 and $80,000 based on 2015 FIFA Women’s World Cup and 2016 Summer Olympics performances. In addition, if he is fired, U.S. Soccer must continue to pay him for six months at his rate when he is terminated.
Also included in the document is a brief overview of U.S. Soccer’s Nike sponsorship, which runs out on Dec. 31, 2014. Under the agreement, the federation benefitted from nearly $13 million worth of revenue, including $2.45 million in equipment at wholesale prices.
Speaking of agreements, the U.S. men’s collective bargaining agreement runs through Dec. 31, 2018, while the women’s agreement expired Dec. 31, 2012. A “memo of understanding” is the current authoritative document while a new CBA is drafted for the women.
The federation made $22,285,102 in national team game revenues in the year ending March 31 and $1,120,596 in revenue on the U.S. Open Cup. Expenses during that same time were $45,372,048 from national teams — $12.8 million from the men, $12.7 million from youth teams and $9.5 million from the women — and $593,886 from the Open Cup.
Some of the biggest non-team expenses in the document come from facilities. The National Training Center, which sits on the Anschutz Southern California Sports Complex in Carson, Calif., cost $250,000 in the first three years and increases each year based on the Consumer Price Index. The deal runs from Feb. 20, 2002, to Feb. 20, 2027.
In Frisco, Texas, the USSF made four payments totaling $5 million to offset construction costs of FC Dallas’ stadium and the complex surrounding it in 2006, soon after it was built. The USSF’s agreement there runs out Dec. 31, 2025.
The National Women’s Soccer League is not paying the USSF for use of the federation’s Chicago headquarters as the league’s base of operations. However, the USSF is required to make a minimum contribution for shared expenses between $1.1 million and $1.4 million this year to the Professional Referee Organization.
May 23, 2015, 12:37 AM EDT
Final: LA Galaxy 1-0 Houston Dynamo
May 22, 2015, 10:31 PM EDT
Final: Columbus Crew 2-2 Chicago Fire
May 22, 2015, 9:52 PM EDT
PSG is willing to dish out the cash to bring Ronaldo to France. The problem? He would have to leave his built-up glory at Madrid behind him.
May 22, 2015, 9:00 PM EDT
PST’s Joe-Prince Wright discussed the final relegation battle between Hull City and Newcastle United.
May 22, 2015, 8:08 PM EDT
Mancini: “If we find players with the right characteristics, we’ll be able to improve the existing players in our squad as well. It won’t be easy….”
May 22, 2015, 7:00 PM EDT
Ivory Coast manager Hervé Renard is leaving on good terms and with a new challenge ahead of him at Lille.
May 22, 2015, 6:14 PM EDT
Mexico will have a roster full of their talent from Europe for the 2015 CONCACAF Gold Cup.
Despite calling himself the “godfather” of women’s soccer, Sepp Blatter didn’t recognize Alex Morgan
May 22, 2015, 5:15 PM EDT
FIFA president Blatter called himself the “godfather” of women’s soccer earlier this month, yet he couldn’t recognize one of the biggest stars in the game.
May 22, 2015, 4:40 PM EDT
Preview of Chelsea-Sunderland match on Championship Sunday, available to watch on NBCSN beginning at 10 a.m. ET.
May 22, 2015, 3:54 PM EDT
As usual, several Americans are ready to take the pitch in Europe this weekend.
May 22, 2015, 3:20 PM EDT
If the Magpies win they will survive on the final day. Watch them host West Ham live on USA, online via Live Extra, 10 a.m. ET.
May 22, 2015, 2:52 PM EDT
Are the Red Bulls willing to take a risk on Osvaldo to bolster their attacking options?
May 22, 2015, 2:08 PM EDT
Can the Tigers pull off a “great escape” on the final day? Watch live on NBC at 10 a.m. ET on Sunday.
May 22, 2015, 1:20 PM EDT
The Red Devils boss is confident DDG will be around next season.
May 22, 2015, 12:40 PM EDT
Here’s how and where to watch every PL game on the final day of the season.
May 22, 2015, 11:15 AM EDT
In his latest blog, our man in the PL gives us a glimpse of what life is like at Stoke’s training ground.
May 22, 2015, 10:30 AM EDT
It’s that time of year again ladies and gents. Get ready for the rumors regarding European veterans heading to MLS.
May 22, 2015, 9:56 AM EDT
The Brazilian defender wants to put the record straight. David, over to you…
May 22, 2015, 9:00 AM EDT
After already winning two trophies this season, Chelsea cleaned up once again.
May 22, 2015, 8:20 AM EDT
After Sterling’s agent says his client will not sign a new deal at Liverpool, Reds boss is adamant he will remain at Anfield.
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- TV SCHEDULE: Premier League finale – 10 games, 10 channels on Championship Sunday 0
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- Brendan Rodgers insists Raheem Sterling will remain at Liverpool 0
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- Agent: Sterling wouldn’t sign new Liverpool deal, even for $1.4 million a week 6