The 33 year old Taylor, who is 16th on the all time rushing list, had been relegated to the backup role behind Maurice Jones-Drew and was set to make $6 million this year.

While the long time captain’s leadership is sure to be missed in the Jag’s locker-room, the move was widely expected as the team also recently cut ties with two high priced free agent signings from last year, Jerry Porter and Drayton Florence.

Despite missing the last three games of the year with a thumb injury, the veteran back is just one year removed from a 1,200 yard Pro Bowl season and will almost certainly be given a shot with another team. However, Jacksonville reportedly did not try to gauge the trade interest for their veteran leader, opting instead to release him outright.