There's more good news for the Canadian women's soccer team.

The Canadian Soccer Association announced Friday that it has reached a compensation agreement with members of the team for 2011 and 2012.

Friday's announcement resolves the pay dispute between the CSA, the sport's governing body in Canada, and the Canadian team ahead of this summer's FIFA Women's World Cup. Canada begins play at the World Cup against Germany in Berlin on June 26.

"We're happy that the issue has been resolved before the World Cup," Canadian defender Emily Zurrer told CBCSports.ca.

Financial details of the deal were not disclosed.

"The Canadian Soccer Association is pleased that we have reached a resolution and we look forward to supporting the women's national team at the FIFA Women's World Cup, as well as the 2012 CONCACAF Women's Olympic qualification tournament in Vancouver and the London 2012 Olympic Games," CSA general secretary Peter Montopoli said in a media release.

The 25 members of the women's team had retained legal counsel and threatened to file a suit for binding arbitration with the Sport Dispute Resolution Centre of Canada.

The women contended that the Canadian men's team had a fixed-term arrangement with the CSA under which they were paid on a per-game basis. The women said they wanted a similar deal, instead of receiving what they called ad-hoc payments from the CSA.

The announcement of the payment deal comes a day after the CSA revealed it reached an agreement with Carolina Morace, retaining the coach's services through the 2012 London Olympics.

Morace, a 47-year-old native of Venice, Italy, threatened to quit her post following the upcoming FIFA Women's World Cup over her growing frustrations with the CSA.

"We would like to thank James Bunting and his associate, Maureen Armstrong from the law firm Davies Ward Phillips & Vineberg in Toronto, for working with our team pro bono and their continued hard work and support. They are an amazing group of individuals and we can't even begin to thank them enough," Canadian midfielder Kaylyn Kyle wrote in an email to CBCSports.ca.