http://soccer.nbcsports.com/2018/01...-harrison-expected-to-join-stoke-this-winter/
Seems like more than just rumors regarding Harrison. Would be thrilled for him, but sad for us -- he's been such a joy to watch.
What are the salary cap implications of selling a player for $5 million?
The 2017 Rule provisions are below but I assume they have new Rules for 2018 we don't know about yet. Jack's acquisition was a great move by the FO whether or not he moves to the PL in 2018.
- A club shall receive the transfer or loan fee revenue (including agent fees and other expenses) from any transaction involving a Generation adidas Player or player acquired via the MLS SuperDraft based on the number of MLS service years:
MLS Service Years Transfer/Loan Fee Revenue to Club
1 1/3
2 1/2
3+ 2/3
All remaining portions of the transfer or loan revenue fees are retained by the league.
The club's share of transfer or loan fee revenue may only be used as follows:
- The club may assign up to $650,000 of the transfer/loan revenue as General Allocation Money. (In the case of Designated Players, such assignment of Allocation Money can only take place after the club has received 100% of their out-of-pocket investment)
- The remaining balance of the club's share (if any), and which cannot be traded, will be available to be used by clubs in the following ways:
- Against the expenses incurred by the club in relation to the costs of an existing or new Designated Player
- With league approval, clubs can use the revenue against an expense that would (i) would not otherwise have been incurred by the club; and (ii) reasonably represents an investment in the league or club (e.g., youth development and training facilities).