Adam Schefter reports that the Bears are releasing former first-round OLB Leonard Floyd on Tuesday.
This comes right after the news that Chicago is signing Robert Quinn to a five-year, $70 million deal, so they will clearly shift the cap savings to Quinn.
Floyd, 27, is a former first-round pick of the Bears back in 2016. He was in the final year of his four-year, $15.7 million contract when the Bears picked up his fifth-year option worth $13.22 million for the 2020 season last year.
According to OverTheCap.com, releasing Floyd will free up $13,222,000 of available cap space while creating no dead money.
In 2019, Floyd appeared in all 16 games for the Bears and recorded 40 tackles, three sacks, and a pass defense. Pro Football Focus has him rated as the No. 41 edge rusher out of 107 qualifying players.
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