The Portland Timbers have traded striker Fanendo Adi to FC Cincinnati in exchange for at least $850,000 in allocation money.
In exchange for Adi, FC Cincinnati will send the Timbers $450,000 in General Allocation Money (GAM) in 2019 and $400,000 in Targeted Allocation Money (TAM) in 2019. The Timbers will also receive up to $100,000 in future TAM based on Adi’s performance with FC Cincinnati in 2019. Portland will retain a percentage of any international transfer value on Adi until the closing of the 2020 summer transfer window as well.
Allocation Money allows clubs to better navigate the salary cap. General Allocation Money can be used to buy down a player’s salary cap hit, to sign new or existing players and to offset acquisition costs. Targeted Allocation Money can be used to buy down the salary cap hit on players making more than the maximum budget charge. The Timbers used Targeted Allocation Money this offseason to acquire Samuel Armenteros, Julio Cascante, Andy Polo and Cristhian Paredes.
FC Cincinnati is currently competing in the lower division USL, but is set to join MLS as an expansion team next year. Adi will be the club’s first Designated Player.
“In five seasons with the Timbers, Fanendo Adi made massive contributions to this club, and words cannot fully express how appreciative we are for everything he gave to the Timbers in his time with us,” said Gavin Wilkinson, general manager and president of soccer for the Timbers, in a prepared statement. “Adi’s place in Timbers history is firmly entrenched, as one of the top goal-scorers across all eras of the club and for his considerable efforts in helping lead Portland to its first MLS Cup in 2015. This opportunity with FC Cincinnati will be beneficial both to Adi, and to our club, as we build for the short term and long term. On behalf of the entire club, I want to wish Fanendo and his family all the best as he embarks on the next stage of his career in MLS.”
Adi has been a cornerstone of the Timbers roster since joining the club on May 13, 2014.
During his time in Portland, Adi recorded 54 goals and 14 assists in 126 regular season appearances (102 starts). Adi’s 54 goals ranks eighth-most in the league during that stretch and is second on the Timbers’ all-time career goal scoring list. Adi also recorded a club-best 13 braces during his time in Portland.
“Fanendo Adi has been a tremendous player for this club for the past five years, and I have enjoyed coaching him and getting to know him as a person since my arrival,” said Timbers coach Giovanni Savarese in a prepared statement. “This is a great opportunity for him within the league, and on behalf of the entire coaching staff, I wish him continued success in the future.”
Adi was also critical to Portland’s 2015 MLS Cup run. He played every minute during the 2015 postseason, scoring two goals as the Timbers won their first MLS Cup.
But Adi’s playing time declined in 2018 as forward Samuel Armenteros took off and the Nigerian striker reportedly asked the Timbers for the trade.
Prior to Saturday’s game against the Houston Dynamo, the Oregonian/OregonLive reported that the Timbers had completed a deal to move Adi. Adi went on to score the game-winning goal in his final match as a Timber to lead Portland to a 2-1 win over Houston.
FC Cincinnati also added San Jose Earthquakes midfielder Fatai Alashe, a 24-year-old who was already on loan with Cincinnati for the remainder of the 2018 season. Cincinnati has obtained Alashe’s MLS rights from San Jose in exchange for $135,000 in total allocation money. San Jose will receive future considerations if Alashe hits select statistical benchmarks with FC Cincinnati next season.
Jamie Goldberg | email@example.com
2018 The Oregonian (Portland, Ore.)
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