The Buffalo Bills officially released QB T.J. Yates from injured reserve with a settlement on Tuesday.
Taylor, 27, is a former sixth-round pick of the Ravens back in 2011. After four years in Baltimore, the Bills signed him to a three-year, $3.35 million contract that included just $1.2 million guaranteed last year.
However, the third year of his contract actually voided after he surpassed the snap limit last year. The Bills later signed him to six-year, $92 million contract but the deal was really just a one-year, $9.5 million agreement and the two parties eventually settled on a restructured contract worth $30.5 million over the next two years.
In 2016, Taylor threw for 3,023 yards while completing 61.7 percent of his passes to go along with 16 touchdowns and six interceptions. Taylor added 469 yards rushing and six touchdowns on the ground. Pro Football Focus had him rated as the No. 13 quarterback out of 34 qualifying players.