The Los Angeles Rams mutually agreed to part ways with linebacker Bobby Wagner, according to ESPN.
Last March, the Rams signed the veteran defender to a five-year, $50-million contract after the Seattle Seahawks released him following a 10-season stint.
According to Over the Cap, Los Angeles creates $5 million in cap space while taking on $7.5 million in dead money.
The Utah State product Wagner started all 17 games in his only campaign with the Rams, racking up a career-high six sacks to go along with a team-leading 140 tackles and two interceptions.
He enjoyed an illustrious career after the Seahawks took him in the second round of the 2012 draft.
The 32-year-old Wagner earned six first-team All-Pro nominations and racked up eight Pro Bowl nods during his Seattle tenure.
He was a focal member of the Seahawks’ Super Bowl-winning squad in 2013.
Wagner is expected to become an unrestricted free agent on March 15.