UPDATE (3/2/2016)

Toronto FC confirmed Wednesday in a press release that the team has waived Gomez.

Original Text

Tuesday was the final day for Major League Soccer clubs to become salary cap compliant before the start of the 2016 season, and a few players around the league paid the price, getting waived so clubs could fit in under the cap.

Herculez Gomez appears to be the highest-profile cap casualty, as the Toronto Sun's Kurt Larson reported on Tuesday that the former US international was let go by Toronto after talks to restructure his contract broke down.

Thanks for the memories... — herculez gomez (@herculezg) March 1, 2016

Herculez Gomez parts ways with Toronto FC. More to come... — Kurtis Larson (@KurtLarSUN) March 1, 2016

Gomez, 33, signed with Toronto FC last August and scored one goal in seven regular season appearances for the club. He began his career playing in the American lower divisions, eventually working his way up to MLS before moving to Mexico in January 2010. A member of the US team at the 2010 World Cup, he stayed in Liga MX until last year, when Sporting Kansas City traded his rights to Toronto, enabling him to sign with the Reds.

The Sun reported that the move will officially go through by next week, and that TFC are expected to sign TFC II's Mo Babouli as a replacement.

Once the move goes through, Toronto FC will have 26 of 28 roster spots filled. TFC will open the 2016 MLS season on Sunday at the New York Red Bulls (1:30 pm ET, TSN4 in Canada, MLS LIVE in the US).