TORONTO - Veteran midfielder Jonathan Osorio has elected to stay in Toronto, rather than test the waters abroad.
Osorio, whose contract with Toronto FC had expired, has signed a new three-year contract plus a 2026 option with Toronto, using targeted allocation money.
The 30-year-old will be entering his 11th season in TFC colours next year.
The targeted allocation money allows the club to buy down the salary cap charge for an existing player providing he earns more than the maximum salary budget charge, which was US$612,500 in 2022.
Osorio, who made US$1.026 million in 2022, leads the MLS club with 318 appearances in all competitions and is tied for third in franchise scoring with 58 goals.