CARSON, Calif. (Thursday, Jan. 14, 2016) – The LA Galaxy have acquired targeted allocation money from the Colorado Rapids in exchange for the 12th selection in the 2016 MLS SuperDraft, the club announced today.
Targeted Allocation Money, an initiative announced last year to allow teams to further invest in their roster outside the player budget, may be used in four ways:
- Clubs may use the funds to sign a new player provided his salary and acquisition costs are more than the maximum salary budget.
- Clubs may re-sign an existing player provided he is earning more than the maximum salary budget.
- Clubs may buy down the budget charge of an existing Designated Player (no longer making that player a DP) provided the club concurrently signs a new Designated Player at an investment equal to or greater than the player he is replacing.
- Clubs may trade their Targeted Allocation Money to another club.
More information on Targeted Allocation Money can be found here.
The Galaxy will kick off the 2016 MLS Regular Season at StubHub Center on Sunday, March 6, against D.C. United (7 p.m. PT, UniMás). LA Galaxy Season Ticket Memberships for the 2016 MLS season are available for purchase now. Season Ticket Members and Galaxy fans can go to www.lagalaxy.com/tickets/seasontickets or call 877-3GALAXY (342-5299) to secure their 2016 LA Galaxy Season Ticket package.
Becoming a 2016 LA Galaxy Season Ticket Member gives fans the opportunity to receive a number of benefits, including discounted pricing, LA Galaxy Team Store discounts, access to the 2016 Season Ticket Member Event, season tickets to LA Galaxy II, early game day stadium access and access to LA Galaxy Champions League matches, among other exclusive benefits. For more information, visit www.lagalaxy.com/seasontickets or call an LA Galaxy representative at 877-3GALAXY (342-5299).