Last week it was made public that contracts of all MVP Phoenix players ended after The International 2016. According to the players, negotiations for new deals were underway. It looks like team management was unable to agree on new terms with the squad.
MVP Phoenix enjoyed a great season. They managed to win Dota Pit League Season 4, WePlay Dota 2 League Season 3, and Pro Gamer League 2016. The Korean team finished 5-6th at The International 2016, winning $934,761 in prize money.