Timbers trade forward Fanendo Adi to FC Cincinnati for $850K in - KPTV - FOX 12

Timbers trade forward Fanendo Adi to FC Cincinnati for $850K in allocation money

Posted: Updated:
Fanendo Adi (KPTV file image) Fanendo Adi (KPTV file image)

The Portland Timbers announced Monday morning that they have traded forward Fanendo Adi to FC Cincinnati in exchange for $850,000 in allocation money.

With the trade, FC Cincinnati will send the club $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, and Portland retains a percentage of any international transfer value on Adi until the closing of the 2020 summer transfer window.

“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. “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 talked about the decision to leave the Timbers after Saturday's match against the Houston Dynamo.

"It comes a time in life where sometime you move on but moving on, Portland Timbers is always going to be home for me and I'm just grateful for everything from the organization," said Adi.

Adi was acquired by the Timbers in 2014. Since then, he has tallied 54 goals and 14 assists in 126 regular-season appearances (102 starts). Adi's 54-goals ranks as the eighth-most in the league during that stretch.

“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 Giovanni Savarese, head coach of the Timbers. “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 played every minute during the Timbers 2015 MLS Cup playoff run, scoring two goals as the club won their first MLS Cup.

Copyright 2018 KPTV-KPDX Broadcasting Corporation.  All rights reserved.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2018, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.