Struggling Toronto FC trades veteran defender Matt Hedges to Austin FC

Toronto FC has traded defender Matt Hedges to Austin FC for up to US$475,000 in general allocation money, the club announced Wednesday. Hedges (right) battles for the ball with D.C. United forward Christian Benteke during first half MLS action in Toronto on Saturday, May 27, 2023.THE CANADIAN PRESS/Chris Young

Toronto FC has traded defender Matt Hedges to Austin FC for up to US$475,000 in general allocation money, the club announced Wednesday.

The struggling Major League Soccer side will receive $375,000 in GAM next season, and could secure another $100,000 in 2025 based on the 33-year-old's roster status on Jan. 1, 2024.

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