Vancouver Whitecaps and Colorado Rapids swing a bookkeeping deal
Mar 5, 2018 | 1:45 PM
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VANCOUVER — The Vancouver Whitecaps and Colorado Rapids swung an accounting deal Monday swapping general allocation and targeted allocation funds.
Vancouver sent US$277,500 in targeted allocation money (TAM) to the Rapids in exchange for $185,000 in general allocation money (GAM).
Both sets of funds are used to pay down player costs.
Targeted allocation money is used to add or retain high-value players and can also be used to reduce a team’s salary cap hit.
