The US men's and women's national soccer teams will get equal compensation following years of demand from female national football players, according to a "historic" deal revealed by the US Soccer Federation on Wednesday, May 18.

According to the US Soccer Federation, this is the first time in the world that prize money for men's and women's World Cup teams has been equalized.

Cindy Parlow Cone, the president of US Soccer, said: "This is a historic occasion." These accords have irrevocably transformed the game in the United States, and they have the potential to change the game globally. "

In a groundbreaking deal with US Soccer in February, the US national women's team received a $24 million payout and a promise of equal pay.

The question of World Cup prize money formed a prominent part of the lawsuit filed by the women's team in 2019, which accused the federation of "stubbornly refusing" to pay its men's and women's players equally.

The terms of Wednesday's agreement include "identical compensation for all competitions, including the FIFA World Cup, and the introduction of the same commercial revenue sharing mechanism for both teams," USSF said.

"The accomplishments in this CBA (collective bargaining agreement) are a testament to the incredible efforts of WNT players on and off the field," said US women's captain Becky Sauerbrunn, adding that she hoped the agreement "will similarly serve as the foundation for continued growth of women's soccer both in the United States and abroad."