The Denver Broncos have notified linebacker Brandon Marshall that they are most likely not going to exercise his option and he will be a free agent on March 13, a source told ESPN's Adam Schefter.
Marshall had two years remaining on his contract, but he will count for only $4 million in dead money against the salary cap after the Broncos let him go.
The 29-year-old appeared in 11 games last season but compiled only 42 tackles and didn't have a sack or interception.
Last month, Marshall acknowledged that he wasn't sure what his Broncos future looked like after the team went 6-10 and missed the playoffs for the third straight season since their Super Bowl win in 2015.