Toronto FC Acquires Allocation Money and Top Spot in Allocation Ranking Order from FC Cincinnati

January 23, 2019 - Major League Soccer (MLS)
Toronto FC News Release

Toronto FC announced today that the club has acquired $250,000 in allocation money ($150,000 General Allocation Money and $100,000 Targeted Allocation Money) and the first position in Major League Soccer's Allocation Order from FC Cincinnati for defender Nick Hagglund and Toronto FC's No. 24 position in the Allocation Order.

"This deal gives us flexibility on our budget both in the short and long term. In addition, the number one allocation ranking gives us the option of acquiring another player and/or asset either during this transfer window or in the summer," said Toronto FC General Manager Ali Curtis. "On behalf of everyone at Toronto FC we want to thank Nick for his contributions and we wish him the best as he moves back home to Cincinnati."

Hagglund, 26, was selected in the first round, (10th overall) in the 2014 MLS SuperDraft by Toronto FC. In five seasons with TFC, Hagglund made a combined 115 appearances (MLS Regular Season, MLS Cup Playoffs, Canadian Championship, Concacaf Champions League and Campeones Cup), adding six goals and six assists. Hagglund was part of Toronto FC's 2017 "Treble" winning side and was part of two additional Canadian Championship winning sides (2016 and 2018) and two Eastern Conference Championships (2016 and 2017).

TRANSACTION: Toronto FC has acquired $250,000 in allocation money ($150,000 General Allocation Money and $100,000 Targeted Allocation Money) and the first position in Major League Soccer's Allocation Order from FC Cincinnati for defender Nick Hagglund and Toronto FC's No. 24 position in the Allocation Order.

Major League Soccer Stories from January 23, 2019

• Kick It with the Dynamo at BBVA Compass Stadium on January 26 - Houston Dynamo FC
• FC Cincinnati Acquires Defender Nick Hagglund - FC Cincinnati
• Toronto FC Acquires Allocation Money and Top Spot in Allocation Ranking Order from FC Cincinnati - Toronto FC
• LA Galaxy Sign Goalkeeper Matt Lampson - LA Galaxy
• Earthquakes Sign 15-Year-Old Academy Product Cade Cowell as Homegrown Player - San Jose Earthquakes
• FC Cincinnati Individual Game Tickets on Sale Tomorrow - FC Cincinnati
• New York Red Bulls Sign Marcus Epps - New York Red Bulls
• Whitecaps FC Acquire Winger Lass Bangoura on Loan from La Liga Club Rayo Vallecano - Vancouver Whitecaps FC
• FC Cincinnati Acquires Midfielder Caleb Stanko - FC Cincinnati
• United Sign Academy Product Donovan Pines - D.C. United

The opinions expressed in this release are those of the organization issuing it, and do not necessarily reflect the thoughts or opinions of OurSports Central or its staff.

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