Major League Soccer's Toronto FC cut its two-highest paid players, announcing mutual agreements to terminate the contracts of wingers Lorenzo Insigne and Federico Bernardeschi.

Toronto FC is parting ways with Italian designated players Lorenzo Insigne and Federico Bernardeschi, ending an expensive and unsuccessful partnership.

Toronto FC, in its first outing since buying out the contacts of Italian designated players Lorenzo Insigne and Federico Bernardeschi, was beaten 3-1 by New York City FC in the lone MLS game Thursday. Hannes Wolf, Mitja Ilenic and Kevin O’Toole scored for New York (9-7-4). Eight of NYCFC’s wins have come at home (8-3-0).