The Steelers are releasing Schobert on Thursday, Aaron Wilson of ProFootballNetwork.com reports.
Schobert becomes a cap casualty with the Steelers, as his release saves the team roughly $7.8 million. The veteran linebacker has logged three straight 16-game seasons, though last year's 112-tackle effort was the least productive of those campaigns. In any case, the 28-year-old shouldn't have much difficulty earning a key role elsewhere in the league.