Chicago [US], May 18: The United States Soccer Federation (USSF), the United States Women's National Team Players Association (USWNTPA) and the United States National Soccer Team Players Association (USNSTPA) on Wednesday have agreed to terms of historic, first-of-their-kind collective bargaining agreements (CBAs) that achieve equal pay and set the global standard moving forward in international football.

The two CBAs, which run through 2028, achieve equal pay through identical economic terms. These economic terms include identical compensation for all competitions, including the FIFA World Cup, and the introduction of the same commercial revenue sharing mechanism for both teams.

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The agreements will ensure that U.S. Soccer's Senior National Team players remain among the highest paid in the world.

Under these agreements, U.S. Soccer becomes the first Federation in the world to equalize FIFA World Cup prize money awarded to the U.S. Women's National Team (USWNT) and the U.S. Men's National Team (USMNT) for participation in their respective World Cups.

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Equally as important, the new CBAs improve non-economic terms, including player health and safety, data privacy and the need to balance responsibilities to both club and country.

"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 above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)