League injects $37 million into Targeted Allocation Money and Homegrown Player budgets
Just as it was looking as though the Seattle Sounders' hands were going to be somewhat tied this offseason, now comes some potential relief. Major League Soccer announced on Wednesday an infusion of nearly $2 million of off-cap money to be spent over the next two seasons. Every team will get $800,000 of new Targeted Allocation Money as well as an additional $125,000 to be used on Homegrown Player signings in both 2016 and 2017.
This money comes on top of the $500,000 of TAM each team was given last summer and needed to be used by 2019.