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 5, 2015, 11:11 AM EDT
Didier Drogba is 37 years old, but still represents the best option for his role that Chelsea can buy.
May 5, 2015, 10:30 AM EDT
Just four days before opening the Gold Cup, the US will host a familiar CONCACAF opponent.
May 5, 2015, 9:54 AM EDT
Newcastle appears to have lofty goals, but the prospects of bringing a Champions League striker to St. James Park while trying to stave off relegation appear grim.
May 5, 2015, 8:38 AM EDT
The 21-year-old Packwood saw his playing time significantly diminished this season, and finished the year on loan in League Two. Meanwhile, his experienced teammate Jonathan Spector is staying on.
May 5, 2015, 7:57 AM EDT
With Jose Mourinho “here to stay” Chelsea has looked to make that sentiment official.
May 4, 2015, 11:15 PM EDT
Christian Benteke’s two goals against not only pushed Aston Villa closer to Premier League safety, but earned the Belgian POTW honors.
May 4, 2015, 10:25 PM EDT
This week’s standout performers are recognized as the 2014-15 Premier League season winds down.
May 4, 2015, 8:54 PM EDT
The first semifinal kicks off on Tuesday, as Juventus host Real Madrid, with Paul Pogba and Karim Benzema out injured.
May 4, 2015, 6:15 PM EDT
If not for an incredibly slow start to the season, Arsenal might be neck and neck with Chelsea for the Premier League title.
May 4, 2015, 5:30 PM EDT
PST’s Lead Writer and Editor takes a look back at Week 35 of the PL.
May 4, 2015, 4:53 PM EDT
Alexis Sanchez and Aaron Ramsey provided all the scoring Arsenal needed in a dominant first half, making it a comfortable victory in the end.
May 4, 2015, 4:15 PM EDT
Our first repeat winner as MLS Player of the Week, Fabian Castillo is in scary-good form right now.
May 4, 2015, 3:30 PM EDT
The stars of Week 9 are recognized as MLS’s standout performers. Giovinco, Oba and the Dallas duo highlight this star-studded cast.
May 4, 2015, 3:15 PM EDT
Twenty-two players have hit the pitch for Chelsea so far this season. Let’s grade them out in order of Premier League import.
May 4, 2015, 2:30 PM EDT
But what does that mean? If you’re reading it like we are, Marotta has not ruled out accepting a mega-millions offer for Pogba.
May 4, 2015, 2:05 PM EDT
Laurent Koscielny makes his 200th appearance for Arsenal, which seeks to move into second place in the Premier League standings.
May 4, 2015, 12:55 PM EDT
Inside: some keys to the fortunes of Bayern Munich, Barcelona, Real Madrid and Juventus as the first legs begin this week.
May 4, 2015, 12:07 PM EDT
Arsenal still holds the inside track in the race for second place in the Premier League.
May 4, 2015, 11:11 AM EDT
Now, when United prepares for a home match, it can prepare for everything but the crowd.
May 4, 2015, 10:22 AM EDT
The Magpies have allowed multiple goals in all but two matches of the losing streak, and have dropped to just two points shy of the drop zone.
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