Andy Webster has been ordered by the Court of Arbitration for Sport to pay Hearts £150,000 for breaking his contract to join Wigan in August 2006.
FIFA had initially ordered Webster to pay £625,000, and Hearts had been seeking £4.6million.
Webster, who won 22 Scotland caps as a Hearts player, was valued by his previous employers at £4million and that constituted the bulk of their appeal for compensation.
Hearts also sought £330,524, the difference in Webster's wage at Tynecastle and with Wigan for the 2006-07 season.
The Edinburgh club also requested £70,000 for sporting and commercial losses, and £80,008.96 in legal expenses, the cost incurred by taking the Webster case to FIFA's dispute resolution chamber.
It was agreed by all parties that the residual value of Webster's contract with Hearts stood at £150,000.
Because he moved outside the protected period, Hearts were due a level of compensation, however CAS decided against upholding most of the claims from the Jambos.
Hearts will be disappointed their request for Webster to meet legal costs in respect of their appeal to FIFA was dismissed.
After it was judged that costs of the appeals to CAS should be split, Hearts are unlikely to have made a significant financial gain.
The CAS panel made it clear that Webster was not entitled to terminate his Hearts contract without good cause, but rejected Hearts' claim that Scottish employment law should apply to the case, insisting FIFA's own transfer regulations were standard throughout football.