With the dawning of the Nick Foles Era: Part Two, it seemed obvious that a Chase Daniel trade was likely coming. It’s not. He’ll reportedly be released.

According to Tim McManus, Adam Caplan has been told that “Chase Daniel has asked the Eagles to release him and the team is expected to do so” today. McManus says both the team and Daniel feel this is the best move, after trying to deal him elsewhere but not finding the right move. What’s this mean financially?

Daniel, who signed a three-year, $21 million with the Eagles last offseason, is set to cost $8 million against the cap. While cutting him would leave $7 million in dead money, a trade would bring the team significant financial relief.

As Sportrac points out, a trade would have netted the Eagles an extra $5 million in relief. Any future deal helps the birds with their situation:

Daniel’s Eagles career ends with one completion for 16 yards and a 118.7 QB rating.