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Dynamo waive midfielder Luiz Camargo

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The Dynamo should have some wiggle room under the salary cap after they announced that midfielder Luiz Camargo has been waived.

Jerome Miron-USA TODAY Sports

The Dynamo announced today that they've waived Brazilian midfielder Luiz Camargo. The moves comes less than a week before the July 1st deadline to waive players and should clear nearly $200k off the books for the Dynamo assuming Camargo isn't on a guaranteed contract.

Since the CBA states that any player over the age of 24 with three or more seasons in the league gets a guaranteed contract, Camargo shouldn't qualify. The midfielder joined Houston in the latter half of the 2011 season and thus has only two years of service under his belt in MLS.

If I'm wrong about this I apologize as trying to figure out the financial elements of player salaries in MLS is often more complicated than rocket science.

Camargo appeared in 47 games, including playoffs, in less than three seasons with the Dynamo. He finished with one goal and five assist, two of which came in the 2011 and 2012 Eastern Conference title games.

He's only played 108 minutes in 2013 and has struggled with injuries throughout his time with the team.