Inter Miami set to sell Gregore to Botafogo for $2.8M to meet MLS salary rules

His exit, along with two others, is part of a larger dance of numbers and regulations.
by
Desmond Efe-Khaese
2024-02-16 12:15:10

Inter Miami is on the brink of sealing a deal for their midfielder Gregore to join Botafogo, a club in Brazil. The news, broken by The Athletic and confirmed by the Brazilian media outlet Globo, puts the transfer fee at roughly $2.8 million.

Gregore was noticeably absent from Miami’s lineup in their Thursday game against Newell’s. This move is more than just a transfer; it’s part of a bigger strategy for Miami. They’re trying to balance their books and align with the league’s salary rules by a fast-approaching deadline.

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Todd Durbin, a high-ranking MLS official, hinted that Miami is in a scramble. They’re figuring things out, ensuring they’ll meet the financial criteria in time for the season’s kickoff.

Why did Inter Miami sell Gregore?

By trading Gregore, Miami not only sheds a hefty salary but also gains financial flexibility. This deal allows them to reallocate funds within their budget. Gregore wasn’t just any player; his departure is felt both on the ledger and on the pitch.

Since arriving in 2021, he’s been central to the team, leading as captain before Lionel Messi’s arrival and standing out as one of the league’s top defensive talents. His record speaks volumes: 67 games played, though he missed much of 2023 due to injury.

The MLS salary cap is a complex beast. In 2023, teams had a base budget but could stretch it using special funds to accommodate higher-paid players. Miami had its fair share of such players, including Gregore. His exit, along with two others, is part of a larger dance of numbers and regulations. Details on how much Miami can spend or save are kept under wraps, adding a layer of mystery to their financial maneuvers.

Despite losing key players, Miami’s midfield remains crowded with talent, signaling more moves on the horizon. Among these potential changes is the signing of Federico Redondo, a promising youngster from Argentina, hinting at Miami’s ongoing quest to balance ambition with fiscal responsibility.