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.
Preview: Barcelona, Manchester City stumble into Champions League second leg; PSG set to rest Ibrahimovic
Mar 12, 2014, 6:09 AM EDT
Barcelona carry a two-goal lead into Wednesday’s visit from City, while PSG’s four-goal edge has Laurent Blanc set to rest his stars.
Mar 12, 2014, 12:23 AM EDT
A 95th minute goal from Alan Gordon gives San Jose momentum ahead of next week’s second leg.
Mar 11, 2014, 11:54 PM EDT
Last year’s MLS Cup qualifiers start the season 1-2 in our rankings.
Mar 11, 2014, 9:43 PM EDT
Gunners prospect could soon be locked into an international career with Germany.
Mar 11, 2014, 8:56 PM EDT
Champions League was Milan’s last battle. Now, two months of auditions for next year’s team begin, with Seedorf decide who will return for the Rossoneri’s restart.
Mar 11, 2014, 8:06 PM EDT
Over the course of two legs, Arsenal was outshot 41-15 and had only 27 percent of the ball.
Mar 11, 2014, 7:02 PM EDT
Legacy didn’t matter, Costa is ready for your love, and Atlético improved but imperfect.
Mar 11, 2014, 6:34 PM EDT
Another sickening blow for Holden, who suffers knee ligament damage after latest comeback game goes horribly wrong:
Mar 11, 2014, 6:17 PM EDT
With the Gunners falling at the first UCL knockout hurdle once again, what did we learn this time?
Battling Arsenal bow out, as Bayern Munich reach UEFA Champions League quarters after 1-1 draw (3-1, agg.)
Mar 11, 2014, 5:42 PM EDT
Defending champions Bayern down Gunners to reach quarterfinals of Champions League:
Mar 11, 2014, 5:38 PM EDT
With seven goals in five Champions League games, Costa has led Atlético into the quarterfinals.
Mar 11, 2014, 4:44 PM EDT
Three Vancouver Whitecaps, three Columbus Crew take their place in the first week’s Best XI.
Mar 11, 2014, 4:03 PM EDT
Japanese youngster traveled with squad to Munich… then Arsenal found out he was ineligible:
Mar 11, 2014, 2:55 PM EDT
Nick Rimando snared the league’s honor, but the Dancing Bear claims PST’s first weekly award.
Mar 11, 2014, 2:02 PM EDT
Can the Gunners go on the road and beat Bayern 2-0 for a second-straight season in the UCL?
Mar 11, 2014, 1:20 PM EDT
American investment company now owns 25 percent of United’s total shares on the NYSE:
Mar 11, 2014, 12:43 PM EDT
Newcastle boss full of remorse after unsavory incident lands him in hot water:
Mar 11, 2014, 12:09 PM EDT
Pardew reprimanded by the FA, is his ban long enough?
Mar 11, 2014, 11:40 AM EDT
German youth international, eligible to play for the USMNT, set to extend stay with Arsenal:
Mar 11, 2014, 10:46 AM EDT
Ankle sprain is “a very rare and unique injury, and we are trying to treat it as well as possible.”
- Preview: Barcelona, Manchester City stumble into Champions League second leg; PSG set to rest Ibrahimovic 0
- PST’s Major League Soccer Power Rankings – Week 1 0
- Arsenal midfielder Gedion Zelalem about to jump off the U.S. Soccer radar 6
- Stuart Holden out for 6-9 months, as serious injury hits U.S. international once again 3
- Three things we learned from Arsenal’s failed UEFA Champions League campaign 1
- Battling Arsenal bow out, as Bayern Munich reach UEFA Champions League quarters after 1-1 draw (3-1, agg.) 1
- Disappointing Opener for the Chicago Fire
- Liverpool says Pepe Reina can Leave Permanently for Four Million Pounds
- Sporting KC Sign Antonio Dovale
- Cruz Azul Ready to Continue Good Form in CONCACAF
- Escalada's Brace Against Leon Puts Emelec at Top in Libertadores Cup
- Galaxy Know Home Cooking is key to Beating Tijuana
- Santos Waste Away Advantage Against Venezuelan Minnows in Libertadores Cup
- Earthquakes' Alan Gordon's 95th Minute Equalizer Sets 1-1 Draw vs Toluca
- Sporting Ready for Champions League Test
- Kaká Becomes First Brazilian to Reach 30 Goals in the Champions League