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Portland Timbers Acquire Cole Bassett From Rapids in $2.65 Million Move

The 24-year-old joins as a U22 Initiative signing through 2027 with performance add-ons and a future sell-on returning value to Colorado.

Overview

  • Portland will pay $2.65 million with up to $950,000 in performance-based add-ons for a potential $3.6 million total, and Colorado retains a percentage of any future transfer above a set threshold.
  • Bassett will occupy a U22 Initiative slot in 2026 and is under contract with the Timbers through the 2027 season.
  • The Colorado native arrives with seven MLS seasons, 157 appearances, 31 goals and 23 assists, after a 2024 career peak and a 2025 dip affected by reduced production.
  • Head coach Phil Neville praised Bassett as a box-to-box midfielder with energy and a nose for goal, and GM Ned Grabavoy said he will add dynamism and end product to the midfield.
  • Portland hosts Colorado on February 28, setting up a quick reunion with Bassett’s former club following the season opener on February 21.