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The Joel Waterman trade: Fair deal
MLS · September 3, 2026
Fair deal · September 3, 2026
| Portland Timbers FC gets | $0.3M |
| Joel Waterman | $0.3M |
| Chicago Fire FC gets | $0.2M |
| $100000 in 2026 General Allocation Money (GAM) | $0.1M |
| up to $100000 in | $0.1M |
Each piece is valued as the model saw it on the day of the trade, in today's cap dollars.
Updated November 6, 2026.