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Toronto FC rebuild continues as veteran Dom Dwyer is traded away in salary dump

Toronto FC continued its rebuild Monday, sending veteran forward Dom Dwyer and its third overall pick in Tuesday’s MLS SuperDraft to FC Dallas in exchange for US$50,000 in general allocation money.

Dallas promptly waived Dwyer, using its one permitted off-season buyout of a guaranteed contract.

In essence, the trade is a salary dump for Toronto. While the 31-year-old Dwyer made a modest US$81,375 last season, his pay balloons to more than US$300,000 in 2022, according to a source not authorized to speak publicly on the deal.

Dallas gets a high first-round draft pick at a relatively modest cost.