LAFC Acquires $250,000 in Allocation Money from Houston Dynamo
The Los Angeles Football Club (LAFC) announced today that the Club has acquired $250,000 in Allocation Money ($175,000 in General Allocation Money and $75,000 in Targeted Allocation Money) from the Houston Dynamo in exchange for forward Christian Ramirez. Additionally, the Club could receive an $75,000 in GAM if Ramirez meets certain performance metrics with the Dynamo. LAFC also retains considerations for a percentage of future sell-on fees for Ramirez. The trade occurred prior to the close of the Summer Transfer Window on Wednesday, August 7 at 11:59 p.m. CT.
"Christian played an important role for us both on and off the field in his time with LAFC," LAFC EVP of Soccer Operations and General Manager John Thorrington said. "We appreciate his contributions to the Club and wish him all the best moving forward."
Ramirez, 28, saw action in 24 matches (16 starts) during the 2018 and 2019 seasons with LAFC, recording six goals and two assists. He originally joined the Black & Gold during the 2018 Summer Transfer Window in a trade with Minnesota United FC.
General Allocation Money (GAM) is money that is available to a club in addition to its salary budget. Each MLS club receives an annual allotment of GAM. Targeted Allocation Money (TAM) are funds strategically provided by the league to teams to add or retain players that will make an immediate impact on the field.
After 23 matches, LAFC remains in first place in the Supporters' Shield standings with a 16-3-4 record (52 points), becoming the first team in MLS to reach the 50-point mark.
TRANSACTION - The Los Angeles Football Club (LAFC) acquires $175,000 in General Allocation Money (GAM) and $75,000 in Targeted Allocation Money (TAM) from the Houston Dynamo in exchange for forward Christian Ramirez.
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