The United States Soccer Federation and the unions representing the men's and women's national teams announced Wednesday a new set of collective bargaining agreements that place male and female players on equal footing in terms of pay.

"There's equalization of World Cup prize money, identical financial terms, including identical game payments, identical revenue sharing for both teams, so identical in every aspect on that front," US Soccer President Cindy Parlow Cone said.

She said that the contracts, which run through 2028, "will ensure that US Soccer's Senior National Team players remain among the highest paid in the world."