What happened: Chicago Fire are finalizing an initial loan for Noah Allen, with a purchase option set for winter. The structure would allow Inter Miami to convert the fee into General Allocation Money in 2027.
Why it matters: Inter Miami already reached its annual limit for converting transfer proceeds into GAM after an earlier sale. Delaying the conversion preserves a roster-building mechanism for next year.
By the numbers: The purchase option is valued at $3 million.
What to watch: Watch for league approval and the completion of Allen’s move to Chicago Fire.