Cousins is expected to be cut by the Falcons before his $10 million roster bonus is due March 17, Adam Schefter of ESPN.com reports.
Cousins has been demoted to the backup role behind rookie first-round pick Michael Penix ahead of Atlanta's Week 16 game against the Giants. The veteran quarterback lost his starting role after posting a 1:9 TD:INT in his last five starts. Cousins signed a four-year, $180 million contract with the Falcons prior to the 2024 season, but Atlanta appears ready to move forward with Penix while eating the remainder of Cousins' $100 million guarantee.