NEW YORK (December 9, 2016) – Major League Soccer today announced that all 22 MLS clubs will receive a total of $1.2 million of Targeted Allocation Money in 2017, an increase of $400,000 per club from the previously announced $800,000 for the year.
In December of 2015, MLS announced that $800,000 of Targeted Allocation Money (TAM) would be made available to the clubs in 2016 and another $800,00 in 2017. With the additional funds announced today, the Targeted Allocation Money investment across 2016 and 2017 increased from $33.6 million to $42.4 million.
Introduced in 2015, Targeted Allocation Money is a strategic investment that provides every team with increased resources to add, or retain, players that will make an immediate impact on the field.