NFL.com's Ian Rapoport reported Saturday that Watkins -- a first-round draft pick in 2011 -- is being released, per a source informed of the transaction. The Eagles later confirmed Watkins' release.
NFL roster cut tracker
Teams had until 6 p.m. ET on Saturday to reduce their rosters to a maximum of 53 players. Who was cut?
Watkins is gone, but his presence will continue to be felt -- at least financially. Watkins is due $1,096,450 in fully guaranteed base salary this season. The Eagles essentially paid him to go away.