The Buccaneers were eager to get Louis Murphy back into the lineup this year, particularly after Vincent Jackson went down with injury. Unfortunately, after suffering another setback, that won’t be happening. The Bucs announced today that Murphy has been placed on the Physically Unable to Perform/reserve list, which ends his season. 
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Murphy returned to practice last month and was making strides in his recovery from ACL surgery. Unfortunately, he wound up with an unrelated injury and has been sidelined ever since. Today was the last day on Murphy’s three-week practice window and the Bucs were forced to make their decision.
Murphy joined Tampa Bay before the 2014 season and has managed 41 receptions since. The Bucs still have him under contract through the 2017 season at a reasonable $2.087MM cap number. The Bucs could also cut him before June 1st and save $2MM while being left with just ~$87K in dead money.