Important Considerations for Toronto FC’s Salary Cap

This rebuilding phase for Toronto FC has been fairly positive. In 2024, the team has focused on transferring several players, aiming to reduce salaries and create more cap space for a successful rebuild in 2025.

Toronto FC is currently in a crucial moment following their elimination from the MLS playoffs, and it will be essential to see how these freed-up funds are allocated toward the upcoming transfer window, where reinforcements are expected, especially for the team’s attack and midfield.

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Toronto FC Has Transferred 10 Players This Year So Far

These transfers have helped reduce the club’s salary obligations, with the combined salaries of these 10 players totaling $3.66 million. Now, Toronto FC needs to make important decisions on how to utilize this cap space, especially with two critical decisions still pending before November 27.

These involve whether two key players will remain with the club. One is forward and top scorer Prince Owusu, and the other is midfielder Zink, who has spent recent seasons on loan. The decision carries an additional financial impact of over $900,000 in salaries.

According to MLSE CEO Keith Pelley, “everything is on the table” for Toronto FC during this rebuilding process, including re-evaluating past and potential future players. The futures of marquee players like Lorenzo Insigne and Federico Bernardeschi also remain uncertain.

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Both are internationally recognized talents, and Toronto FC’s new project aims to build a team centered around youth, developing a sustainable system and identity that can help them compete season after season in MLS, the Canadian Championship, and the Leagues Cup. Given this plan, the salary structure will be pivotal, as Insigne and Bernardeschi remain two of the highest-paid players in MLS.