Sep 26, 2013, 3:03 PM EST
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.
Dec 12, 2013, 9:04 PM EST
How close is PRP to blood doping? Close enough to get the Premier League’s attention.
Dec 12, 2013, 8:02 PM EST
The two-time Defender of the Year rejoins former Crew boss Sigi Schmid in Seattle.
Dec 12, 2013, 7:09 PM EST
The Dash join the Portland Thorns as MLS-backed teams in women’s league.
Dec 12, 2013, 6:17 PM EST
Recovery timeline could leave Portland winger passed over by Costa Rica.
Dec 12, 2013, 5:31 PM EST
Like other notable quality American outfielders (e.g. Clint Dempsey), Cameron is a late-developer who has really evolved.
Dec 12, 2013, 4:38 PM EST
D.C. United upgraded half their defense on Thursday. But what are they getting for the money?
Dec 12, 2013, 3:38 PM EST
We saw this coming. Portland traded up on Thursday to snare the former Zip.
Early approval: Klinsmann extends contract, will serve as U.S. head coach, technical director through 2018
Dec 12, 2013, 3:01 PM EST
Klinsmann’s signed up for another cycle, the U.S. hoping to extend its evolution beyond Brazil.
Dec 12, 2013, 2:01 PM EST
This marks the first time a Bundesliga club has played in the league’s summer showcase.
Dec 12, 2013, 1:05 PM EST
Two big questions this weekend: 1) Can Spurs stop Luis Suarez? and
2) Does City’s midfield rival that of Arsenal?
Dec 12, 2013, 10:26 AM EST
Everyone is entitled to their opinion, Young says, but “for me, the referees have made decisions and that’s it.”
Dec 12, 2013, 9:15 AM EST
Would Moyes really loan Zaha to a competitor like Everton or Newcastle?
Dec 12, 2013, 8:01 AM EST
When looking back at the biggest UK Twitter “surges” of 2013 there is one topic that dominates the landscape: footy.
Dec 11, 2013, 11:46 PM EST
You can’t been drawn against a team from your own federation – a rule that will hurt Arsenal, Manchester City on Monday.
Dec 11, 2013, 10:24 PM EST
The defenses need to get better in both places. A lot better:
No, the South Florida team will NOT be “Miami Beckham United;” plus the MLS news roundup for Dec. 11
Dec 11, 2013, 9:23 PM EST
A little social media brush fire over the new Miami expansion outfit was promptly, mercifully extinguished:
Dec 11, 2013, 8:33 PM EST
Highlights from all Wednesday’s games, which saw Barça’s newest start break out, Italy’s reigning champions eliminated.
Dec 11, 2013, 7:46 PM EST
Once you narrow the list to 15 or so, it’s nearly impossible to decide from there:
Dec 11, 2013, 6:59 PM EST
That assumes, of course, that the former U.S. manager was ever a serious candidate:
Dec 11, 2013, 6:11 PM EST
Tough draws await Arsenal, Manchester City in the knockout round.
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