Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Soccer-U.S. men's and women's teams strike equal pay deal with governing body

Published 05/18/2022, 08:00 AM
Updated 05/18/2022, 06:17 PM
© Reuters. FILE PHOTO: Tokyo 2020 Olympics - Soccer Football - Women - Bronze medal match - Australia v United States - Ibaraki Kashima Stadium, Ibaraki, Japan - August 5, 2021. Team members of the United States line up on the pitch before the match REUTERS/Henry Ro

(Reuters) -U.S soccer men's and women's national team players will receive equal pay and prize money, including at World Cups, after they came together to agree on landmark collective bargaining agreements (CBAs) with the U.S Soccer Federation on Wednesday.

For official competitions, including the World Cup, the women's (USWNT) and men's (USMNT) national team players will earn identical game appearance fees.

For official competitions other than the World Cup, players of both genders will earn identical game bonuses.

U.S. Soccer becomes the first federation in the world to equalize FIFA World Cup prize money awarded to both women's and men's teams for participation in their respective World Cups.

"This is a truly historic moment. These agreements have changed the game forever here in the United States and have the potential to change the game around the world," said U.S. Soccer President Cindy Parlow Cone.

The CBAs, the first of their kind, will run through 2028, covering the next two World Cups and Olympic cycles. They will also keep the players among the highest-paid national team players in the world, U.S. Soccer said.

Under the new agreement, the USMNT and USWNT will have identical performance-based bonuses for all games and competitions.

The women's team will no longer receive guaranteed salaries and have the same pay-to-play payments as their male counterparts.

"(The) next step is for other federations around the world to look to see what we have done and start doing it themselves," Parlow Cone told reporters. "And then also encouraging the confederations and then as well as FIFA to equalize all prize money."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

SPONSORSHIP REVENUES

In another first for U.S. Soccer and the players' unions, U.S. Soccer will share a portion of its broadcast, partner and sponsorship revenue with a 50-50 split of that share divided equally between USWNT and USMNT.

U.S. Soccer said the new revenue-sharing framework will "provide additional encouragement for all parties to work together to grow the game".

The agreements also improve player health and safety, data privacy and the need to balance responsibilities to both club and country, the federation said.

"The accomplishments in this CBA are a testament to the incredible efforts of WNT (women's national team) players on and off the field," said USWNT player and USWNT's player association President Becky Sauerbrunn.

The agreement came three months after the USWNT and U.S. Soccer agreed to resolve a dispute over equal pay dating back to 2016 when some players filed a federal wage discrimination complaint, claiming they were paid less than male players even though they generate more income for the United States Soccer Federation.

"The gains we have been able to achieve are both because of the strong foundation laid by the generations of WNT players that came before the current team and through our union’s recent collaboration with our counterparts at the USNSTPA and leadership at U.S. Soccer," Sauerbrunn added.

The deal also covers other areas such child care, retirement, insurance, parental leave, short-term disability, mental health impairment, travel, accommodation, equal quality of venues and field playing surfaces.

The men's World Cup is set to be played in November-December this year in Qatar, while the women's edition will be held next year in Australia and New Zealand.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The USWNT are the most successful team in international women's soccer, having won four World Cups, including the last one in 2019. U.S. men have never won the World Cup.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.