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MLS to increase spending on player salaries with multi-million dollar investment

After a successful 2015 season, Major League Soccer has stepped things up again by giving teams $800,00 in Targeted Allocation Money for each of the next two years.

NEW YORK — Major League Soccer just wrapped up a 2015 season that was seen as a success on several levels, but for a league still trying to close the gap on the world's top leagues, there is still a ways to go. MLS owners are aware of that, which has led them to approve another significant increase in spending heading into 2016.

MLS teams will receive $800,000 in what is being called Targeted Allocation Money (TAM) during each of the next two seasons, funds which can be used to sign and retain players on the higher end of the MLS pay scale, but who are not Designated Players.