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Portland Timbers acquire General Allocation Money, Targeted Allocation Money from New York City FC

PORTLAND, Ore. – The Portland Timbers have acquired $75,000 of General Allocation Money and $50,000 of Targeted Allocation Money from New York City FC in exchange for the right of first refusal for winger Rodney Wallace, it was announced today.

Wallace, 28, spent the 2016-17 campaign with Portuguese Primera Liga side F.C. Arouca and Brazilian first-division club Sport Recife. After making 12 league appearances with Arouca, Wallace transferred to Sport Recife in the Brazilian Serie A, recording four goals in a 24 appearances (21 starts).

"Rodney is someone we genuinely respect as a player and person, however our focus right now is on acquiring a central defender, and it is a priority to use our existing cap space to address this positional need. We also feel our depth in the left winger position is very strong at this moment,” said Gavin Wilkinson, general manager and president of soccer for the Timbers. “We wish Rodney nothing but the best as he returns to MLS."

In five MLS seasons with the Timbers (2011-2015), Wallace made 120 appearances (92 starts), recording 16 goals and 17 assists in regular-season play. Additionally, Wallace made nine appearances (9 starts) in the postseason with the Timbers, including five appearances (5 starts) during the team’s 2015 MLS Cup run, recording two goals and one assist.

Transaction: Portland Timbers acquire $75,000 of General Allocation Money and $50,000 of Targeted Allocation Money from New York City FC in exchange for the right of first refusal for winger Rodney Wallace.

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