Insigne's $15.4 million salary ranked second in MLS behind only Lionel Messi, while Bernardeschi earned $6.295 million, sixth-highest in the league12. Both players had contracts running through 2026, with Bernardeschi's deal including options through 20281.

"After several meaningful discussions, we are happy to have found a solution that is agreeable to all parties involved," Toronto general manager Jason Hernandez said in a statement1.

The moves free up two designated player spots for a franchise in full rebuild mode. MLSE President Keith Pelley emphasized that "the Designated Player strategy is a critical component to Toronto FC's success"3.

The Euro 2020 champions arrived in July 2022 to considerable fanfare but never delivered the anticipated success. Toronto has missed the playoffs in all three seasons since their arrival, finishing last in MLS in 202312.

Insigne managed just 15 goals in 66 MLS appearances while battling recurring injuries and reported locker room tensions23. The 34-year-old was a healthy scratch early this season under new head coach Robin Fraser before eventually appearing in 12 league games2.

Bernardeschi proved more productive with 25 goals in 88 league appearances and earned 2024 MLS All-Star recognition, but his legacy remains defined by competitive failure14. The club failed to win the Canadian Championship in any of the three years, a tournament they had dominated between 2009 and 20202.

Toronto currently sits 13th in the 15-team Eastern Conference, 11 points below the playoff line1. The MLS Secondary Transfer Window opens July 24, providing the first opportunity to reshape the roster in the post-Italian era2.

Both players become free agents immediately, with reports suggesting mutual termination rather than full buyouts may have left Toronto with additional budget flexibility3.