The other free-agent wide receivers will be affected by Christian Kirk's four-year, $84 million deal. (0:51)
The team will save $8.35 million because of the release of Jack.
The announcement comes one day after the Jags agreed to terms with six free agents, including the leading tackler in the league last season. Jack was the leading tackler last season and has had at least 107 tackles in three of the past four seasons.
The move costs $4.8 million in dead money. Jack was due to make $10.5 million and count $13.15 million against the cap in 2022.
Jack signed a four-year, $57 million extension that included $33.06 million guaranteed in September of 2019. He was drafted 36th overall by the Jags after they traded up two spots.
There were concerns about Jack's right knee before the draft, and he acknowledged to the New York Post in a pre-draft story that there may be some degenerative issues.
Jack has missed only nine games in his six-year career, and he has made over 500 tackles, 6.5 sacks, 3 intercepts and 4 recovery.
Myles has made a positive contribution on and off the field in Jacksonville, providing leadership in our locker room as a captain and making a significant impact on the First Coast community, Trent Baalke said. We wish him the best and appreciate all he has done for us.
Jack, who has started games at inside and outside linebacker, never made a Pro Bowl, but he will forever be a part of the Jacksonville lore because of a play in the AFC Championship Game. Jack ran down New England running back Dion Lewis, stripped the ball as he tackled him, and jumped up and returned it for a touchdown that would have given the Jags a 17 point lead early in the fourth quarter.
The officials blew the play dead after he recovered the ball because they thought he was down. The Pats won 24-20.
Myles Jack was the phenomenon among Jacksonville fans because replays showed he wasn't down.
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