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Toronto FC players get a raise, thanks to the dollar

Soccer players paid in US funds doing better than most Canadians

2015 base salaries for top-earning players

Michael Bradley: $6,000,000
Sebastian Giovinco: $5,600,000
Jozy Altidore: $4,750,000
Damien Perquis: $323,000
Ahmed Kantari: $300,000

Source: http://www.spotrac.com/mls/toronto-fc/

With the price of oil dropping and the Canadian economy hurting many residents of Toronto, Toronto FC players are finding themselves with a boost to their salaries.

The adjustment was announced when Major League Soccer players were revealed to be paid in U.S. dollars, thus making an additional 43 cents for every dollar they earn.

The exchange rate has been hitting most Canadians hard, and students especially find themselves in a difficult situation.

“I’m not optimistic about the future,” University of Toronto student Terry McBride said. “I’m paying more for meat now than I ever was before.”

McBride further said, “It’s hard enough as students that we’re on a budget, yet you have athletes getting paid ridiculous amounts of money.”

The difference in the exchange rates means any Toronto FC player who was earning $100,000 is now taking in about $143,000.