LA Galaxy poised to “aggressively” use new TAM investment in 2018 says Chris Klein
CARSON, Calif. – LA Galaxy club president Chris Klein says the team will “aggressively” use Major League Soccer’s new investment in Targeted Allocation Money.
The league announced on Friday that the Board of Governors approved an increase of the amount of TAM available to each club over the next two years. After the 2017 MLS season, each club received an allotment of 1.2 million dollars of TAM; all teams will continue to receive $1.2 million of TAM per year in 2018, with each organization able to use the $1.2 million of TAM designated for 2019 immediately.
Clubs will also have the flexibility to spend $2.8 million of TAM on a discretionary basis by the team, per year in both 2018 and 2019.
“We prepare for everything,” Klein told LAGalaxy.com. “We’ve always said we’re a club that will take advantage of every rule that MLS has and we’ll go aggressively into building the best club that we can.”
According to head coach Sigi Schmid, the team is already at work utilizing the TAM increase— as well as the other resources available to them – with preseason a little over a month away.
“We just need to hire a mathematician to deal with all the permutations,” Schmid said.