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 23, 2014, 8:21 PM EDT
Beasley signed a two-and-a-half-year deal with the Dynamo and becomes the club’s third Designated Player.
Jul 23, 2014, 6:48 PM EDT
Catch Liverpool and AS Roma live on NBCSN and online via Live Extra tonight at 7:00pm ET.
Jul 23, 2014, 5:49 PM EDT
Jurgen Klinsmann has long coveted Zelalem and the 17-year old looks to be next in line to don the Stars & Stripes.
Jul 23, 2014, 5:01 PM EDT
According to Fuchs, Germany and France would be happy to take over if needed.
Jul 23, 2014, 4:21 PM EDT
Sigurdsson, who scored seven goals during a loan spell with Swansea in 2011/12, returns at the Liberty after two seasons at Spurs.
Jul 23, 2014, 2:40 PM EDT
Can the Spanish international be a success at Chelsea? You bet.
Jul 23, 2014, 1:46 PM EDT
Is there anything Balotelli can’t do?
Jul 23, 2014, 1:16 PM EDT
Will Lampard be suiting up at Yankee Stadium for NYC FC next season? We find out Thursday…
Jul 23, 2014, 12:26 PM EDT
What would your school look like as a professional soccer team?
Jul 23, 2014, 11:40 AM EDT
The show will go on, but not in eastern Ukraine as fighting between pro-Russian rebels and the military continues.
Jul 23, 2014, 10:52 AM EDT
German boss reveals he will stay on as manager until at least 2016. Can you smell a dynasty?
Jul 23, 2014, 10:18 AM EDT
Substance over style: Barca sign towering defender from La Liga rivals Valencia.
Jul 23, 2014, 9:29 AM EDT
Will the Mexican international be moving on this summer?
Jul 23, 2014, 8:46 AM EDT
Aspas to Spanish radio: “They are treating Luis like a murderer and not like a footballer.”
Jul 23, 2014, 8:07 AM EDT
Cole: “People were killing me about possibly playing in the USA, saying it’s for the money and easy lifestyle, I choose to play in a more demanding place and team.”
Jul 23, 2014, 7:38 AM EDT
Van Gaal: “You have to fly a lot, you also have jetlag – that is not very positive for a good preparation. The tour was already arranged so I have to adapt.”
Jul 22, 2014, 11:34 PM EDT
Business up front. Defense in the rear.
Jul 22, 2014, 11:17 PM EDT
L.A. Galaxy Insider report also speculates that Javier “Chicharito” Hernandez could take a Designated Player spot in Major League Soccer if he leaves Old Trafford.
Jul 22, 2014, 10:45 PM EDT
“It’s obviously a shame he’s not here, but Liverpool is a club that’s bigger as any individual,” Rodgers said from Fenway Park.
Jul 22, 2014, 10:03 PM EDT
Inter Milan and Queens Park Rangers have swooped in for two of the Bluebirds’ best players, and Vincent Tan probably isn’t too happy.
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- USMNT prospect Gedion Zelalem on Arsenal’s roster for Red Bulls match 4
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- New York City FC to announce “major signing” on Thursday… Frank Lampard? 7
- PHOTOS: What if your college was a professional soccer team? They could look like this 7