Update:
The Atlanta Falcons announced Friday that they’ve designated TE Levine Toilolo as a post-June 1st release.
According to OverTheCap.com, releasing Toilolo will free up $3.5 million of available cap space while creating $1 million in dead money, which is $1 million more of cap room to work after June 1st than they would have had if they just released him outright.
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Ian Rapoport of NFL Media reports that the Falcons are releasing TE Levine Toilolo on Friday.
The Falcons made it clear that tough choices could be coming, as they prepare to sign QB Matt Ryan to a long-term extension.
Toilolo, 26, is a former fourth-round pick of the Falcons back in 2013. He was entering the second year of his three-year, $12 million contract that included $4.5 million guaranteed and set to make base salaries of $3.5 million and $4 million over the final two years of the agreement.
In 2017, Toilolo caught 12 passes for 122 yards receiving and one touchdown over the course of 15 games. Pro Football Focus has him rated as the No. 29 tight end of out of 72 qualifying players.
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