$37 Million to be spent over the next two years in MLS on player salaries including almost $10M on Homegrown Players.
Major League Soccer has announced a new annual Target Allocation Money (TAM) for all MLS teams for the 2016 and 2017 seasons as well as additional funds tied directly to Homegrown Players (HGPs).
MLS teams will now have $800,000 budgeted in addition to the current salary cap for 2016 (approximately $3.6 million) and the $500,000 TAM that was announced in 2015 to be used over the course of the current Collective Bargaining Agreement which ends in 2015.