with the single-entity ownership structure, salary cap, and the media and marketing umbrella Soccer United Marketing (SUM) all contributing towards MLS's financial security. As soccer-specific stadiums are built, ownership expands, and television coverage increases, MLS has seen its revenues increase while controlling costs. Television coverage and revenue have increased since the league's early years. In 2006, MLS reached an 8-year TV deal with ESPN spanning the 2007–2014 seasons, and marked the first time that MLS earned rights fees, reported to be worth $7–8 million annually. In September 2012 the league extended its distribution agreement with London-based Media rights agency MP & Silva until 2014 in a deal worth $10 million annually. Total league TV revenues are over $40 million annually. In 2011, MLS earned $150 million when it sold a 25% stake in SUM. In early 2005, MLS signed a 10-year, $150 million sponsorship deal with Adidas for its jerseys and other equipment. In 2007, MLS teams started selling ad space on the front of jerseys to go along with the league-wide sponsorship partners who had already been advertising on the back of club jerseys, following the practice of international sport, specifically soccer. MLS established a floor of $500,000 per shirt sponsorship, with the league receiving a flat fee of $200,000 per deal. As of July 2014, sixteen teams had signed sponsorship deals to have company logos placed on the front of their jerseys (and another team is directly owned by its shirt sponsor), and the league average from jersey sponsors was about $2.4 million. All MLS teams have had jersey sponsors since February 2016. Sleeve sponsorship was introduced to MLS in the 2020 season, with the teams able to sell a section on the right arm where the league logo patch is normally positioned. The Los Angeles Galaxy made a profit in 2003 in their first season at The Home Depot Center, and FC Dallas turned a profit after moving into Pizza Hut Park in 2005. For each season between 2006 and 2009, two to three MLS clubs (generally clubs with a soccer-specific stadium) were reported as profitable by the league. By 2012 the league had shown a marked improvement in its financial health. In November 2013, Forbes published a report that revealed that ten of the league's nineteen teams earned an operating profit in 2012, while two broke even and seven had a loss. Forbes estimated that the