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.
Jul 29, 2014, 4:53 PM EDT
“Every penny of that will be up for reinvestment as transfer fees and wages,” Krueger said.
Jul 29, 2014, 4:03 PM EDT
Where, exactly, Ronaldinho’s future ends up is anyone’s guess.
Jul 29, 2014, 3:22 PM EDT
ICC and MLS action is in full swing in the USA this week. Watch it all online, here.
Jul 29, 2014, 2:57 PM EDT
Jacobson arrives in the Big Apple from Dallas. Will Aquilani join him?
Jul 29, 2014, 2:20 PM EDT
Now Schneiderlin wants out as Saints’ incredible exodus continues to take a turn for the worst.
Jul 29, 2014, 1:58 PM EDT
Despite not winning any silverware last season, Barcelona were big winners off the pitch.
Jul 29, 2014, 1:21 PM EDT
Tevez’s father, Juan Carlos Cabral, is said to have been kidnapped in Buenos Aires and held for ransom.
Jul 29, 2014, 1:15 PM EDT
Southampton duo are going nowhere, despite being linked with Tottenham switch.
Jul 29, 2014, 12:37 PM EDT
Liverpool sign talented Belgian teenager, will loan him back to Lille this season.
Jul 29, 2014, 12:11 PM EDT
Even after calling African players “banana eaters” this man is set lead the Italian FA.
Jul 29, 2014, 11:25 AM EDT
England star commits his future to the Toffees.
Jul 29, 2014, 11:10 AM EDT
Valencia finally signs on, as Hammers splash the cash in search of goals.
Jul 29, 2014, 10:35 AM EDT
Garber: “MLS will not expand to Miami unless we have a downtown site for the stadium.”
Jul 29, 2014, 9:42 AM EDT
Howard to call games, be studio analyst, for up to 10 PL games on NBC Sports this season.
Jul 29, 2014, 9:19 AM EDT
A shoving match or something more sinister in Seattle?
Jul 29, 2014, 8:35 AM EDT
Borussia Dortmund star turns down new deal, alerts European giants.
Jul 29, 2014, 7:51 AM EDT
England youngster told he’s “not fit enough” and ordered to train on his own by van Gaal. Ouch.
Jul 29, 2014, 12:37 AM EDT
Sounders’ tendency to collapse resurfaces during the Galaxy’s biggest win of the season.
Jul 28, 2014, 11:07 PM EDT
A terrible move could get worse if Chelsea can’t move the Spanish striker.
Jul 28, 2014, 10:13 PM EDT
Belgian international intends to stay at White Hart Lane, with a new, five-year deal on the table.
- Liverpool complete $17 million signing of Belgian striker Divock Origi 1
- Tim Howard joins NBC Sports’ Premier League broadcast team on multi-year deal 10
- VIDEO: US stars fight – Omar Gonzalez vs. Clint Dempsey, DeAndre Yedlin 4
- Manchester United’s Luke Shaw trains on his own, told he’s “not fit enough” 2
- MLS Snapshot: Seattle Sounders 0-3 LA Galaxy 2
- Premier, Champions League quotas leave Mourinho desperate to sell Torres 6