MLS announced today that teams are allowed a second DP slot and the option of purchasing a third. An official announcement should be made later today.

Here are the basics of the new rule:

• MLS confirmed that these new rules will be effective immediately.
• The Third DP costs $250,000.
• That money used to purchase the 3rd DP slot is evenly shared as allocation money with all the other MLS clubs that do not have three DPs.
• DP player takes up $335,000 of a team’s salary budget (13% of the teams salary budget)
• This is a reduction from the old rule which charged $415,000
• Allocation money can be used to bring salary cap hit down to $185,000
• DP player takes up $167,500 if signed mid-season.
• Old DP rule expired at the end of the 2009 season
• New DP rules doesn’t expire
• DP slots cannot be traded and no team can acquire a 4th slot or more.
• DP slots can be used to sign existing MLS players.
• If a DP is transferred to a club in another country, the MLS team will recoup the money spent on the DP before the league transfer split kicks in.

What do you think about this new rule?

This entry was posted on Thursday, April 1st, 2010 at 8:47 am and is filed under MLS, News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.