It was clear that Maxwell’s time in Miami was likely coming to an end at some point in the near future, given that he hasn’t been active for a game since Week 3.
The Dolphins will move forward with Xavien Howard and Cordrea Tankersley at cornerback.
Maxwell, 29, is a former sixth-round pick of the Seahawks back in 2011. He signed a six-year, $63 million contract that included $25 million guaranteed with the Eagles as a free agent before he was later traded to the Dolphins along with LB Kiko Alonso.
Maxwell was set to make base salaries of $10 million (2017) $9.75 million (2018), $9.5 million (2019), and $10.5 million (2020) over the remainder of the contract.
In 2017, Maxwell was active for just two games and recorded eight tackles, no interceptions or pass defenses and a forced fumble.