Major League Soccer is announcing a new pot of money to be in use starting in July called the “Youth Transfer Fund,” according to The Athletic.
The new fund is said to “incentivize teams to identify and sign young international players who could be sold at a profit in the future”, according to the report. The goal is to give MLS teams the resources to sign more talented young players capable of developing into transfer targets teams can develop and sell.
The fund would reportedly make $3 million available per team and would be restricted to players 20 or younger. That $3 million would be available for teams to use through the 2022 season, and will become available when the next transfer window opens, in July.
The report also stated that the funds can only be used to purchase the contract of a player and can’t be used for a loan deal.