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.
Sep 1, 2014, 4:40 PM EDT
Not a huge risk for Arsenal, but certainly a good bit of business for United. Could Welbeck become the next Daniel Sturridge?
Sep 1, 2014, 4:18 PM EDT
Jermain Defoe, Danny Welbeck and Hatem Ben Arfa all make one last run through the rumor mill as the deadline draws near.
Sep 1, 2014, 4:11 PM EDT
McArthur and Fryers arrive at Selhurst Park.
Sep 1, 2014, 3:49 PM EDT
The Dutch international rejoins his World Cup boss for four seasons at “the biggest club in the world.”
Sep 1, 2014, 3:32 PM EDT
What originally was thought to be a steal is turning out to be quite a hit to Manchester United’s wallet.
Sep 1, 2014, 3:07 PM EDT
AC Milan made the terrible mistake of confirming a deal before it was complete, and now they’re forced to rescind their confirmation.
Sep 1, 2014, 2:50 PM EDT
Time running out for U.S. national team star to seal his move away from Stoke.
Sep 1, 2014, 2:40 PM EDT
Spurs could be back in for Rodriguez, as third bid made for England international.
Sep 1, 2014, 1:45 PM EDT
The biggest deals of the summer listed here.
Sep 1, 2014, 1:27 PM EDT
Reports are exploding that Welbeck’s location lends itself to a shock move to Arsenal, but we’re not so sure.
Sep 1, 2014, 1:02 PM EDT
It’s the fourth loan spell for Chalobah, who will get his first taste of Premier League play.
Sep 1, 2014, 12:25 PM EDT
A fee of around $15 million breaks Hull City’s transfer record for a player.
Sep 1, 2014, 11:46 AM EDT
A season-long move to last year’s relegation threatened squad will see Green get valuable playing experience.
Sep 1, 2014, 11:23 AM EDT
The 27-year-old midfielder can’t catch a break, as his knee fails him yet again.
Sep 1, 2014, 10:57 AM EDT
Down the depth chart at Spurs, Sandro could be on his way to QPR. Borini would be a backup plan to Jermain Defoe.
Sep 1, 2014, 10:25 AM EDT
PST’s Lead Writer and Editor takes an alternative look at all the action from Week 3 in the PL.
Sep 1, 2014, 10:06 AM EDT
Stay up to date with everything happening on Deadline Day with our live ticker.
Sep 1, 2014, 9:39 AM EDT
Rumored to be wanted by Real Madrid and Bayern Munich, the young Italian star will instead stay at his current home.
Sep 1, 2014, 8:35 AM EDT
There’s going to be plenty of movement today, and the early morning brings us news on Jay Rodriguez, Alvaro Negred, Matija Nastasic, and more.
Sep 1, 2014, 7:55 AM EDT
Manchester United are reportedly close to securing a world-class striker for just $9 million.
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- Stoke want to keep USA’s Geoff Cameron, Southampton in the hunt 0
- Tottenham Hotspur offer $26 million plus Andros Townsend for Jay Rodriguez 1
- Julian Green completes loan move to Hamburg 0
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