The six-time defending Bundesliga champions will pay $13.5 million (€11.5 million) in a base fee for Davies, according to a source close to the deal -- breaking a record for an outgoing MLS player that has stood since Jozy Altidore joined Villarreal 10 years ago.
The total compensation could reach $22 million (€18.75m) with performance-related add-ons, the Whitecaps confirmed. The source said the deal also includes a sell-on clause that will net Vancouver a percentage of a fee should Bayern transfer Davies in the future.
The Ghanaian-born Canada international will remain with the Whitecaps until the end of their season this fall, as under FIFA rules he will not be able to play for Bayern in an official game until he turns 18 in November.
"As a kid, I always dreamed of a moment like this," said Davies, who signed a contract with Bayern until 2023. "Now that the dream has come true, the work continues as always. I have to keep pushing and keep striving, and also keep being me on the field.
"Ever since I joined the Caps when I was 14, they molded me throughout the years into the pro that I've become. Thanks to the fans for supporting me, I really enjoy playing in front of them in Vancouver."
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