FC Dallas has traded some allocation money and a draft pick to Colorado for Brazilian midfielder Bruno Guarda. The former Southern Methodist University player was sought after by former SMU and current FC Dallas coach Schellas Hyndman.

Here is the Press Release:

FC Dallas today acquired former SMU midfielder Bruno Guarda from the Colorado Rapids in exchange for the team's natural 2nd and 3rd Round selections in the 2009 MLS SuperDraft and a partial allocation. The Rapids won a special lottery to obtain the rights to Guarda on July 22. Special lotteries are conducted by the league among interested teams for players who are not eligible to be discovered and who were not drafted. Twelve of the 14 teams participated in last week's lottery for Guarda's rights. "I'm very excited to stay in Dallas," said Guarda. "My first priority is FC Dallas, and my second priority is to finish my degree here at SMU, which I have two semesters left. But becoming a professional was something that I've been dreaming about since I was a little kid, and hopefully one day I can make everyone proud at FC Dallas." Guarda scored 15 goals and added 18 assists playing in his three years at SMU for Hyndman. He was a Herman Trophy semifinalist following both his sophomore and junior years (2006 and 2007).