US Soccer Implements Historic Equal Pay for Men and Women
The US national men’s and women’s teams will receive equal pay under a new agreement that the Soccer Federation announced on Wednesday.
The move makes the federation the first to implement equal World Cup prize money for both genders.
The terms of the agreement include identical compensation for competitions and an equal revenue-sharing mechanism for both teams.
The U.S Soccer Federation has reached an agreement to pay its men’s and women’s teams equally. The decision means that the federation is the first to implement matching money for both sexes.
After years of negotiations, the governing body announced that the unions for both national teams have agreed to equal pay till December 2028. US Soccer disclosed that both teams agreed to put their earnings in a single purse.
All profits that enter into this fund will be distributed between the two teams as they participate in international competitions.
While announcing the agreement on Wednesday, US Soccer president Cindy Parlow termed it a historic moment. She thanked all parties for making it possible after months of negotiations.
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The split of the prize money is a notable concession of the men’s team, who had previously been awarded the bulk of payments from FIFA after the World Cup. The decision is largely in favour of the women’s team whose World Cup prize is only a fraction of the men’s team.
The difference in pay between men and women has been a contentious issue in recent years, especially after the US women’s team won back-to-back World Cups, while the men failed to qualify in 2018.