The 42-year-old Spaniard oversaw six straight defeats in all competitions.
Racing Louisville’s away fixture against Seattle Reign was abandoned Sunday evening.
The Portuguese manager’s exit was confirmed following weeks of speculation about his relationship with co-owner Evangelos Marinakis.
The confrontation escalated until Suárez had to be restrained by goalkeeper Oscar Ustari.
Paquetá is preparing a legal claim against the FA to recover more than £1m in legal costs.