All of the usual caveats about the slipperiness of MLS salary data apply but apparently we're only the 7th-highest spenders on wages in the league.
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Diving deep into the numbers behind the biannual release of MLS player salaries
theathletic.com
In most leagues around the world salary spend provides the tightest correlation to table position at the end of the season. Interesting to see how different MLS is in that regard.
Also it appears that once Insigne joins Toronto they will be doubling their salary spend and Lorenzo himself will be making as much money as the entire rest of the team combined.