The news comes just days after the team notified both cornerback Darrelle Revis and offensive lineman Nick Mangold of their impending release. All transactions will become official once the new league year begins on March 9.
The Bears dealt Marshall via trade to the Jets in 2015. In his first season with the team, he recorded franchise-record-setting numbers in receptions (109) and receiving yards (1,503) and matched the team’s all-time mark in receiving touchdowns. In 2016 — and his second season with the club — Marshall totaled 788 yards receiving and three touchdowns.
The 32-year-old wideout, who will turn 33 later this month, was scheduled to make $7.5 million in 2017. And as Rapoport noted, with Marshall’s departure, the Jets will save over $7 million dollars on the salary cap and will have not any dead money.