MLS champion Toronto FC says search for trophies will continue next season
Toronto FC says the hunt for trophies will continue next season. And it is willing to spend more money to do so.
Team president Bill Manning says the newly crowned MLS champions will use the extra US$4 million in targeted allocation money the league is permitting each of the next two seasons: $1.2 million in league money and up to $2.8 million in club-funded money. That amount could jump to $5.2 million in 2018 if a club elects to bring forward the league-allocated $1.2 million for 2019.
That money can be used to pay down the acquisition cost and salary hit of elite players who are not given designated player status. Toronto used TAM this season to great effect by bringing in Spanish playmaker Victor Vazquez.
A team can use TAM to buy down to $150,000 the salary cap hit of a player making up to $1.5 million.