As an expert in sports economics and regulations, I can provide you with information on the Major League Soccer (MLS) salary cap, which is a financial mechanism used by the league to maintain competitive balance among its teams.

The MLS salary cap for the 2021 season was set at $4,900,000 per team. However, it's important to note that within this cap, there are several exceptions and mechanisms that allow teams to exceed the cap in certain ways. For instance, teams can sign up to seven players to "Designated Player" contracts, which are not entirely subject to the cap. Additionally, there are other mechanisms like the General Allocation Money (GAM) and Targeted Allocation Money (TAM) that teams can use to bolster their rosters beyond the salary cap limit.

It's also worth mentioning that the salary cap can change from year to year based on the league's revenue and other economic factors.

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In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both.read more >>