Kelvin Kuo/Associated Press
Major League Soccer and its players have reached an agreement in principle on a five-year collective bargaining agreement, the league announced on Thursday.
The limit on spending on the bulk of players would rise to $11.6 million per team over the course of the deal, compared with $8.5 million in the last deal. This amount does not include money spent on three higher-paid star players and certain highly touted younger players.
The minimum salary for active senior players, which has often been criticized as low for professional sports, will rise to $109,200 by 2024.