Kansas City Chiefs are cutting WR Marquez Valdes-Scantling, saving the franchise 12 million dollars versus their salary cap.
𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: The #Chiefs are releasing veteran wide receiver Marquez Valdes Scantling, per @JFowlerESPN
The move saves them $12 million in cap. pic.twitter.com/hbewcUBVPG
— JPAFootball (@jasrifootball) February 28, 2024
The act came after the organization informed CB L’Jarius Sneed they are thinking about using the franchise tag on him and are willing to trade him if they don’t ink a long-term contract.
Kansas City are expected to use the nonexclusive franchise tag, which is valued at 19 million dollars for the upcoming campaign.
Yesterday, the team GM Brett Veach shared at the scouting combine in Indianapolis that he was prepared to use the franchise tag on L’Jarius or DT Jones if the franchise can’t get them to re-inked by the beginning of the free agency in March.
The wide receiver appeared in 2 campaigns with Kansas City after inking as a free agent from the Packers. Sneed caught 42 passes in his debut campaign and 21 in the past campaign, but was crucial during the postseason.
Marquez caught 8 passes for 116 yards, and a TD in the AFC Championship Game win against the Cincinnati Bengals after the 2022 campaign. He also scored the 1st TD in Chiefs Super Bowl LVIII triumph vs. the 49ers at the beginning of the month.
Marquez Valdes-Scantling is being released by the @Chiefs.
This crazy catch iced the AFC Championship game, sending Kansas City to Super Bowl LVIII! pic.twitter.com/tynq1kNhMu
— NFL UK (@NFLUK) February 28, 2024