Reports yesterday indicated the Dolphins were planning to release cornerback Brent Grimes once the league year changed at 4pm Eastern time today. And, that is exactly what the club did, announcing the roster move exactly at 4pm. Grimes is now a free agent.
Grimes signed with the Dolphins in 2013 as a free agent from the Atlanta Falcons. He re-signed with the team on a four-year contract in 2014, paying him an average of $8 million per year, with $16 million guaranteed. He is scheduled to account for $9.5 million against the cap in 2016, and $8.5 million against the cap in 2017. Miami will still have to account for the $3 million left on his signing bonus this year, adding more to the dead money pool, but gaining back the $6.5 million in space.
In his three seasons with the Dolphins, Grimes has recorded 13 interceptions with two touchdowns, along with 43 passes defensed and 167 tackles. He was named to the Pro Bowl all three seasons, as well as one time with the Atlanta Falcons.