New York Giants quarterback Daniel Jones has been released from his contract, effective immediately. The team and Jones mutually agreed on the decision after he was benched earlier in the week. Jones will head to waivers but is unlikely to be claimed due to his four-year, $160 million contract. The move allows the Giants to free up cap space and restructure their salary commitments.

Source: https://www.cbssports.com/nfl/news/daniel-jones-released-giants-and-veteran-qb-mutually-agree-to-part-ways-after-benching/