Toronto FC completes two side deals to seal return of Richie Laryea on loan
Toronto FC confirmed the return of Canadian fullback/wingback Richie Laryea on Friday on loan from England’s Nottingham Forrest.
To get Laryea, Toronto made side-deals involving at least US$350,000 in general allocation money with FC Dallas and FC Cincinnati to move up the allocation order, which MLS uses as a mechanism for former MLS players returning to the league after leaving on a transfer fee of US$500,000 or more.
Toronto sent US$225,000 in general allocation money ($175,000 in 2022 and $50,000 in 2023) to Dallas for the second overall spot in the allocation order. TFC then sent US$125,000 in general allocation money ($50,000 in 2022 and $75,000 in 2023) plus the second overall spot to Cincinnati to move into top spot in the allocation order, paving the way to get Laryea.
Cincinnati will receive additional general allocation money if certain incentives are met.