Mandic told SEN Radio an offer was made to the FFA in which Kewell would receive a 30-70 split of any increased profit for away matches he features in during the A-League season.
But Mandic, disgruntled over apparent misleading comments by FFA spokesman Kyle Patterson in the media over the Kewell deal, said the offer was rejected.
Mandic said the 32-year-old had agreed in principle to deals with both Sydney FC and Melbourne Victory and was in the final stages of deciding on which club to sign with.
"The FFA offered to assist in bringing Harry back to play in Australia and asked what it would cost to use Harry to market and promote the sport in partnership with the FFA," Mandic told SEN.
"We offered them a better deal than we have offered the A-League clubs - a 30-70 split of any additional gate revenue from the away games that Harry plays in.
"If there are no more people coming to the away games that Harry plays in, Harry gets nothing.
"But he is still happy to market and promote the sport.
"Now this was not accepted by the FFA, which is fair enough."
Mandic made it clear Kewell had no shortage of offers from outside Australia and a deal to play in the A-League this season would now only happen under the 30-70 offer.
He said no guarantees of income had been put to any of the A-League clubs or the FFA on Kewell's behalf.
"Harry is happy to play in the A-League but he will not doing it for any financial guarantees, whether from the FFA or anybody else," he said.
"Hopefully this can happen down the track .. if not this year, then next year or the year after."
"From our end nothing will change.
"People actually keep throwing money at us, we don't want their money.
"They come up with these formulas of their own. It is a simple formula, it is bums on seats, additional revenue.
"The deal has been identical from the very start, from more than a month ago."
Tags: sport, football, aleague, socceroos, australia First posted July 4, 2011 08:38:00