Dolphins to release Tua Tagovailoa, take on record cap hit

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The Dolphins will release quarterback Tua Tagovailoa after the start of the new league year in a move that will leave Miami with an NFL-record $99 million in dead money against the salary cap.

The Dolphins announced their intention to release Tagovailoa in a statement Monday. A source told ESPN's Adam Schefter that Tagovailoa's release will be designated post-June 1, allowing the Dolphins to split the dead money over two years.

"As we move forward, we will be focused on infusing competition across the roster and establishing a strong foundation for this team as we work towards building a sustained winner," Dolphins general…