The Redskins informed Griffin of their decision on Monday morning.
By releasing Griffin before Wednesday’s start of the new league year, the Redskins save $16.155 million. The Redskins had extended Griffin his fifth-year option in April 2015.
The Redskins reportedly held trade discussions with two different teams last week involving RG3.
The 26-year-old Griffin, the No. 2 overall selection in the 2012 NFL draft, sat the entire season as Washington’s No. 3 quarterback and watched Kirk Cousins take control of the quarterback job with a breakthrough year. Cousins signed the one-year, $19.95 million tender offer from the Redskins, who applied the franchise tag to the pending free agent last week.