JACOB PETERSON TO TORONTO FC
Jacob Peterson has been traded to Toronto FC for allocation money. The midfield/forward made 92 appearances for the Rapids in 3 seasons. He scored 8 goals and had 5 assists for the Rapids, including 2 goals and 2 assists in 2009. Here is a portion of the press release on TFC’s website:
Toronto FC announced Thursday they have acquired midfielder Jacob Peterson from the Colorado Rapids in exchange for allocation money. Per league and team policies financial terms were not available.
“This is a player that Preki has been wanting for some time,” said director of soccer Mo Johnston. “We’re looking forward to bringing him into camp and getting him working with the rest of the players.”
Peterson, 23, was the Rapids’ first pick of the 2006 MLS SuperDraft, (2nd Round, 21st overall) and made his professional debut playing 21 minutes on April 8, 2006 against the Columbus Crew. After establishing himself into the first team in his first season with the club, he was named the team’s “Rookie of the Year”. In the 2009 MLS season the midfielder appeared in 23 games with Colorado, making 12 starts and adding two goals and two assists. He missed the last month of the regular season due to injury.

January 21st, 2010 at 10:13 am
Its always hard to see players go for only allocation money, but the way the league is structured, allocation money is a viable trading asset. I never was as high as some others were on Jacob, so I don’t mind that he is leaving. I think our other options at forward and winger are better suited for Smith’s plans.
January 21st, 2010 at 1:18 pm
I agree with your opinion on Peterson. He worked hard but was short on quality. I’m curious to see how the Rapids are going use the allocation money.
It could mean that the Rapids are trying to sign a player from Europe, or possibly use the money to re-sign conor casey.