Cap Savings: $6,600,000

Julius Thomas has done very little since leaving the Denver Broncos to dispel the notion that he needed Peyton Manning to be productive. Even after reuniting with Adam Gase -- his coordinator in Denver -- as a member of the Miami Dolphins, Thomas was unable to rekindle his old form.

Thomas managed 3 touchdowns from his 41 receptions, a far cry from the 10 touchdowns he could have flirted with, according to Miami's hyperbolic preseason proclamations. His 0.05 Target NEP per Target was 38th of 46 tight ends with at least 30 targets, and Miami could use the extra money to reshape its roster.