Toronto FC terminates Insigne and Bernardeschi contracts: End of cycle

Toronto FC has reached a mutual agreement to terminate the contracts of Italian internationals Lorenzo Insigne and Federico Bernardeschi, as announced by the MLS club on Tuesday. Both players arrived in the summer of 2022 with high expectations and significant contracts. Insigne, one of the highest-paid soccer players in MLS, with a guaranteed compensation of $15.44 million, and Bernardeschi, also with a considerable salary, failed to meet the expectations placed on them. The club used the two guaranteed contract buy options that each MLS team has per season to part ways with the pair who previously played for Juventus. Insigne, 34 years old, had a contract until June 2026 with an option for the rest of that year. Bernardeschi, 31 years old, had a contract until 2026 with a two-year option.

The club wants to thank Lorenzo for his efforts over the last three years. After several meaningful conversations, we are pleased to have found a solution that is acceptable to all parties involved. We wish Lorenzo all the best in the future.

Jason Hernandez, General Manager of Toronto FC

Bernardeschi, for his part, was the fifth highest-paid player in MLS with a guaranteed compensation of $6.29 million.

After internal conversations with Federico, we agreed that this was the right time to part ways. We would like to thank Fede [Bernardeschi] for his contributions to Toronto FC over the past three years and wish him the best in the next chapter of his career.

Jason Hernandez, General Manager of Toronto FC

Insigne scored 19 goals and added 18 assists in 76 matches (66 as a starter) for Toronto FC in all competitions. This season, Insigne has scored one goal and provided three assists in 13 MLS appearances. Bernardeschi recorded four goals and four assists in 15 MLS matches this season, ending his four-year MLS stint with 25 goals and 12 assists in 88 appearances.