WEDNESDAY, 4:02pm: The Falcons finalized the move today, officially releasing Reynolds, according to Brian McIntyre (via Twitter).

TUESDAY, 4:30pm: The Falcons have informed offensive lineman Garrett Reynolds of his release, according to agent Chad Speck of Allegiant Athletic Agency (Twitter link). Reynolds is the latest veteran to be cut by the Falcons, who also released Asante Samuel and Stephen Nicholas earlier this month.

Reynolds, who started 10 games for the Falcons in 2013, signed a two-year, $2.7MM extension with the club last offseason. However, the 26-year-old lost his starting job at right guard late in the 2013 season, and his released had been expected. The move reduces his $1.63MM cap hit to $250K in dead money, creating modest cap savings in the $1MM range for the Falcons.

Reynolds, who graded as Pro Football Focus’ 31st overall guard (subscription required), won’t have to pass through waivers, since he has at least four years of experience. He’ll likely be in line for a minimum-salary contract with another team.