The problem is that TFC is very tight up against the cap... ...the Reds only have about $500,000 available to them.
A number of commenters have already asked, not unreasonably, for clarification on how he came up with that number and how exactly MLS’ “salary cap” works.
Meanwhile, over on the Red Patch Boys forum there’s a stickied thread that attempts to calculate a “Cap Space Estimate” based on available data provided by the MLS Players Union compared to what the estimated minimum “salary cap” will be according to the current collective bargaining agreement between the league and its players.
It may seem like a pedantic point of nomenclature but continued use of the phrases “salary cap” and “cap space” are anachronisms that probably confuse more than they clarify when it comes to understanding how an MLS roster is paid for and organized. The reason? Simply put: