The Jets also released LB Paul Worrilow from their practice squad.
Malone was set to revert back to the Jets’ practice squad so this is more of a procedural move.
Malone, 24, is a former fourth-round pick of the Bengals back in 2017. He was entering the third year of his four-year, $2.99 million contract that included a $593,528 signing bonus when the Bengals waived him coming out of the preseason last year.
The Jets later signed Malone to their practice squad after clearing waivers. He was waived coming out of the preseason and later re-signed to their practice squad before being called up last week.
In 2020, Malone has appeared in two games for the Jets and caught four passes for 16 yards receiving to go along with one carry for 12 yards and no touchdowns.