(Major League Soccer) (Major League Soccer)

The Houston Dynamo made a trade with Toronto FC on Wednesday, clearing the way to acquire U.S. national team veteran DaMarcus Beasley, who returns to MLS after 10 years abroad.

Beasley’s imminent move to Houston broke on the Insider on Tuesday.

To claim Beasley, 32, the Dynamo traded third-year defender Warren Creavalle and allocation funds to Toronto for the No. 1 slot in MLS’s allocation order. Most returning U.S. national team players must pass through the allocation process. The Dynamo will use the newly owned top position to select Beasley, the only player in U.S. men’s history to appear in four World Cups. TFC also received Houston’s allocation slot (No. 14).

Terms of Beasley’s contract have not been disclosed and probably won’t be made public until the MLS players’ union updates the salary list in September. However, he was expected to become Houston’s second senior designated player (salary of at least $387,500 over a full season).

UPDATE: Houston formally announced Beasley’s signing as a DP.

Toronto already has three designated players — Michael Bradley, Jermaine Defoe and Gilberto — with base salaries totaling more than $13 million.

Creavalle, adept on the backline and defensive midfield, has made 16 league appearances this season (10 starts). He scored three times last year. His base salary is $90,000.

With Beasley’s move finalized, attention will turn toward U.S. World Cup midfielder Jermaine Jones, who is out of contract after leaving Bundesliga side Schalke last winter and spending the second half of last season on loan with Turkish club Besiktas. Jones, 32, and his family recently purchased a home in the Los Angeles area. His salary demands, however, are probably too rich for most MLS clubs.

The updated top five in the MLS allocation order:

1. Columbus Crew

2. FC Dallas

3. D.C. United

4. Vancouver Whitecaps

5. Chicago Fire

Of note: Some high-profile U.S. national team players are exempt from the allocation order. MLS roster rules and regulations say:

Designated Players of a certain threshold – as determined by the League – are not subject to allocation ranking.