The Timbers will receive $667,000 in 2022 and $500,000 in 2023 from the Earthquakes. ESPN reports that $167,000 will go toward Ebobisse's 2021 salary.
Ebobisse has played for Portland the last five seasons. He appeared in 88 matches including 54 starts, scoring 26 goals and eight assists. He played in 10 postseason games, scoring one goal and one assist.
The Timbers selected Ebobisse as the No. 4 overall pick in the 2017 Major League Soccer (MLS) SuperDraft.
“The decision to trade a player that’s had Jeremy Ebobisse’s impact can never be taken lightly. We know what he has meant to our team, club and community," said Gavin Wilkinson, Timbers general manager and president of soccer.
Timbers fans posted their reactions to the trade on Twitter: