
MLSE boss says cutting Italian stars loose offers opportunity for MLS franchise
TORONTO — In opening the MLSE vault to bring in Italian stars Lorenzo Insigne and Federico Bernardeschi midway through the 2022 MLS season, Toronto FC looked to change the struggling franchise’s fortunes.
It didn’t happen.
This week, the 4-10-5 team cut bait with the two designated players, agreeing to a mutual termination of contracts that ran through July 2026 for Insigne and December 2028 for Bernardeschi (who had previously triggered a contract extension). In other words, they agreed to a contract settlement less than the total money owed.
Keith Pelley, president and CEO of Maple Leaf Sports and Entertainment, sees the move as a necessary stepping-stone in the team’s rebuild.