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Titans Releasing Veteran LB Shaun Phillips

Jim Wyatt of the Tennessean is reporting that the Titans are placing veteran LB Shaun Phillips on waivers Tuesday.

Head coach Ken Whisenhunt recently mentioned that he prefers to take a look at some of their younger players now that they are out of the mix for a playoff, which seems to be the reason for cutting Phillips loose.

Phillips, 33, signed a two-year, $4.8 million contract with the Titans back in March after finding a limited amount of interest as a free agent.

Phillips was set to make a base salary of $2.55 million for the 2015 season, but this move will free up $2.65 million in cap space, according to OverTheCap.com. However, the Titans will carry $375,000 in dead money from this move next year.

This season, Phillips has recorded 19 tackles, two sacks, and two pass defenses over the course of 11 games.