It looked like a pretty solid bet that he would be on the team, but apparently even the best bets lose. According to the Terrace Blog on twitter, 'Perry' is no longer with the Rapids.
I slightly disagree on the point that he showed well, I thought that he looked a bit out of his element every time he appeared with the team during the Desert Friendlies. Regardless, it's most likely true that the money was the big sticking point.
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Matt Pollard 