Cut loose by Dallas

The Cowboys will officially release Elliott on Wednesday, Adam Schefter of ESPN reports.

Dallas and Elliott had reportedly been discussing a contract renegotiation for weeks, but more recent reports suggested that a release would be the likely outcome for the 27-year-old running back. Elliott should find suitors in free agency, though likely at a price far, far less than what he's accustomed to playing under. With only Malik Davis on the roster behind a rehabbing Tony Pollard (leg), the Cowboys will need to draft or sign some backfield help in the coming weeks or months.

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