The Jermain Defoe era at Toronto FC is over.
Several sources are confirming a TSN story that is reporting that Defoe has been sold to Sunderland in exchange for Jozy Altidore and cash.
The amount of cash is not being disclosed, but CSN has been told that TFC has received £10-million for Defoe minue the value of Altidore. It's thought that Altidore is valued at £4-million, giving TFC a net of £6-million in the deal.
There is one potential wrinkle in things. It's being reported that Altidore needs to go through the normal allocation procedure of any returning player. Technically a team in front of TFC could put a claim on him. However, CSN was also told that no MLS team was allowed to talk to Altidore other than TFC over the past week as this deal fell into place.
At worse, TFC may have to trade for the top allocation spot. Montreal currently holds the spot.
More as it develops...