Toronto FC announced the termination of both Lorenzo Insigne and Federico Bernardeschi's contracts, cutting ties with two of the biggest disappointments in Major League Soccer history to revamp the club's Designated Player strategy.
Both players were the club's highest-paid players with Insigne making $15.4 million a year, second to only reigning league MVP Lionel Messi. The moves signify a significant rebuild for the 13th-place Eastern Conference team having won just four of their 19 games so far this season. In doing so, the club exercised both of its available buyouts of a guaranteed contract. Insigne's wages won't count against the club's 2025 budget and forces open a Designated Player spot.
