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U.S. Soccer president: New CBA agreement a truly historic moment (1:14)

Cindy Parlow Cone is the president of the U.S. soccer team. It took 1:14 for it to happen.

"Achieving equal pay for the men's and women's national teams has made a dark cloud that was hanging over all of our heads move along," Cindy Parlow Cone said in an interview.

The USSF couldn't take on players' financial demands because of the disparity in the distribution of FIFA prize money, according to Parlow Cone.

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The U.S. women took home less money from the World Cup than the men did, because of differences in prize money. The U.S. men would have received more than $400,000 if they had won the World Cup last year.

The bonuses for the men's and women's tournaments were based on payments from soccer's governing body, which earmarked $400 million for the men's tournament, including $38 million to champion France, and $30 million for the women's tournament, including $4 million to the United States

The total for the men's World Cup has been increased to $440 million, while the women's prize money has been increased to $60 million.

After she was reelected as president in March, Parlow Cone's goal was achieved, as the men's and women's national teams' unions ratified new collective bargaining agreements.

Next year's Women's World Cup and the men's World Cup will be paid for by the unions in the new contracts. The USSF will take 10% off the top and split it equally among 46 players on the rosters of each team. The USSF's cut will increase before the split.

The USSF said it's the first federation to pool prize money in this way.

The litigation has made the dark cloud that was hanging over all of our heads move along.

It affected everything we did at the federation, so now to have a reset with our national team players on the men and women's side, to move forward together, to actually be aligned with each other.

It's allowed me to sleep a bit more at night.

The players will get about one-third of the damages they had sought. The USSF agreed to set up a fund with $2 million to benefit the players in their post-soccer careers and to grow the sport for women.

Equal pay has been achieved but there are still issues. The National Women's Soccer League is under investigation.

Paul Riley was fired by North Carolina Courage after he was accused of sexual and verbal abuse, inappropriate behavior and anti-gay language. Parlow Cone said she was devastated by the accusations. Sally Yates was the acting Attorney General.

Parlow Cone said that he wanted to take action right now, but that he would learn what action was needed through the investigation.

In order for players to feel safe to report and to increase recording, we need to change and what do we need to do?

I don't know when the report will be, but I'm looking forward to it.

Cindy Parlow Cone said she will use the results of the NWSL abuse investigation to see what needs to be changed. Brad Smith/ISI Photos

Parlow Cone is optimistic of a brighter future for the US game with an emphasis on diversity and opening routes for as many people as possible to access the sport from a young age.

Parlow Cone said that they will bid for either the'27 or '31 World Cup.'

It's huge, we saw what the '99 World Cup did for us here, now I think women's soccer and women's sports in general are a whole new level with a full new platform. We will see growth in our game when we host a World Cup here.

The World Cup is going to be a moment unlike any other in this country, as we host the event with Canada and Mexico.

We have to make sure that we do everything we can in the leadup to the World Cup and post-World Cup to make sure that we are growing participation and investment in our game.

The AP information was used.