The New York Jets are releasing wide receiver Davante Adams, a source told ESPN’s Adam Schefter.
Adams was acquired in October from the Las Vegas Raiders for a third-round pick. The Jets will save $29.9 million in cap space by moving on from the veteran wideout, Schefter adds.
New York was reportedly shopping Adams this week and was expected to release him if it couldn’t find a trade partner. He was set to have a $38.2-million cap hit in 2025, according to Over The Cap.