Bills release WR Cole Beasley, clear roughly $6M in cap space

In an expected move, the Bills are moving on from one of the most experienced pieces of their offense. The team announced they have released receiver Cole Beasley.

Beasley, 32, started his career in Dallas in 2012; he joined the team as a UDFA. In seven seasons there, he established himself as a productive secondary option in the team’s passing attack. His best season there came in 2016, where he posted 75 catches for 833 yards and five touchdowns.

Having built a reputation as one of the league’s best slot receivers, he signed a four-year, $29M deal with the Bills in 2019. He received no less than 106 targets in each of his three campaigns in Buffalo, setting new career highs in receptions (82), yards (967) and yards per catch (11.8) in 2020.

However, he was due to make $6.1M in 2022, with a cap hit of just over $7.5M. That led the team to allow him to seek a trade earlier this week. Obviously, a partner couldn’t be found, so the SMU product will now hit the open market. The Bills still have Stefon Diggs, Gabriel Davis and Isaiah McKenzie at the top of the WR depth chart. They also have Dawson Knox and the recently-acquired O.J. Howard at the tight end spot.

The move saves the Bills just over $6M. Given the money invested in their new additions – most notably Von Miller – they could certainly use the cap relief. For Beasley, meanwhile, he will join a free agent WR class still featuring Allen Robinson, but also another veteran slot option in Jarvis Landry.