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.
Oct 21, 2014, 12:10 AM EDT
Paderborn hasn’t stopped winning or scoring insane goals, if you haven’t noticed.
Oct 20, 2014, 11:29 PM EDT
Actor Mark Consuelos made his way to the Crap Part of Soho while the Men In Blazers tried to keep the ball out of their own net.
Oct 20, 2014, 10:47 PM EDT
Bayern Munich have a very difficult match on the road in Italy, while other matchups in Spain, Russia, and Germany will all prove enjoyable.
Oct 20, 2014, 9:28 PM EDT
Meghan Klingenberg bagged a laser beam for her first US goal and Abby Wambach grabbed two as the Americans will move on to the semifinals.
Oct 20, 2014, 8:42 PM EDT
Manchester Police confirmed a man was arrested after flying a drone over the match that entertained 45,000 people.
Oct 20, 2014, 8:00 PM EDT
Aron Johannsson bagged a penalty in his return from groin surgery, while Juan Agudelo continues to search for a new club.
Oct 20, 2014, 6:55 PM EDT
Adel Taarabt says the harsh words from manager Harry Redknapp are not only untrue but damaging as a professional.
Oct 20, 2014, 6:16 PM EDT
The New York Cosmos completed a massive signing, beating out a few of his former clubs to nab the Spanish legend as a player and coach.
Oct 20, 2014, 5:36 PM EDT
Despite a solid confirmation from Croatia, the friendly will reportedly not be happening.
Oct 20, 2014, 4:56 PM EDT
Manchester United came from behind twice but still must settle for a disappointing result away from home.
Oct 20, 2014, 4:35 PM EDT
19-year-old Lazio striker Keita Balde Diao somehow walked away from what looks to be a major accident. His Lamborghini, however, didn’t.
Oct 20, 2014, 3:20 PM EDT
Unruly fans will cost Wales and Galatasary as UEFA continues to crack down on off-the-pitch incidents.
Oct 20, 2014, 2:35 PM EDT
The yearly tournament organizes five-a-side matches for people that are homeless or living in extreme poverty.
Oct 20, 2014, 1:30 PM EDT
Liverpool, Everton and Swansea City are just a few of the Premier League clubs reportedly looking to sign the Marseille winger.
Oct 20, 2014, 12:37 PM EDT
With transfer rumors swirling, the Arsenal forward made it clear that he is #AlwaysAGunner.
Oct 20, 2014, 11:51 AM EDT
Amidst the Ebola outbreak, South Africa has ruled out hosting the continent’s premier tournament should Morocco back out.
Oct 20, 2014, 11:00 AM EDT
Sad news out of India as a young player died after injuring his spinal cord during a celebration.
Oct 20, 2014, 10:15 AM EDT
Ahmed Musa stirred the pot ahead of his club’s Champions League clash this week, calling out City’s form.
Oct 20, 2014, 9:30 AM EDT
Watch the Baggies take on Manchester United today, live at 3:00 p.m. ET on NBCSN.
Oct 20, 2014, 8:40 AM EDT
The Chelsea backup is teaching his replacement how to stay safe from head injuries, which have affected both keepers.
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