Hodgins (knee) was waived by Buffalo on Tuesday, Chris Brown of the Bills' official site reports.
In the end, a knee injury cost him a chance to make a late run at Jake Kumerow and Marquez Stevenson for a final receiver spot. The Bills run plenty of four-wide and even five-wide sets, so we imagine the team has an eye on getting Hodgins onto the practice squad if no other team claims him, especially since he was putting together a strong training camp prior to the injury.