The Chicago Bears cut veteran wide receiver Earl Bennett after he refused to accept a pay cut.
The transaction frees up $2.45 million in salary-cap room.
A former third-round draft pick from Vanderbilt, Bennettt has 185 career receptions for 2,277 yards and a dozen touchdowns in six seasons with the Bears.
Bennett, 26, is expected to draw interest from several teams.
Among the logical fits: the Carolina Panthers, Pittsburgh Steelers, Kansas City Chiefs, New York Jets and the Tampa Bay Buccaneers.
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Aaron Wilson covers the Ravens for The Baltimore Sun