What happened: The Colorado Rapids completed the transaction before the Secondary Transfer Window closed. The agreement includes a sell-on percentage alongside the conditional incentive payment.

Why it matters: The $12 million fee sets the largest cash-for-player trade value in MLS history. Colorado has now completed two of the league's three highest-value cash-for-player deals.

What to watch: Colorado's roster moves after the window will show how the club deploys the proceeds.