The Houston Dynamo have acquired General Allocation Money from Vancouver Whitecaps FC in a trade for defender Sheanon Williams, the two clubs announced today.
“We’d like to thank Sheanon for his contributions during his time in Houston and wish him well moving forward,” said Dynamo Vice President and General Manager Matt Jordan.
General Allocation Money is money that is available to a club in addition to its salary budget. Each MLS club receives an annual allotment of General Allocation Money, which can be traded by clubs. Allocation Money can be used to “buy-down” a player’s salary budget charge as part of managing a team’s roster, including buying a salary budget charge below the League maximum of $457,500.