Jackson, 34, has amassed over 1,000 total yards in five of the last six seasons. He started nine games and played in 14 last season.
He was due to make $2.35 million this season.
The move indicates the Bills believe LeSean McCoy, who’s been out the last two weeks, will be ready for the team’s Sept. 13 season opener. It also gives Jackson, who’s played his entire career in Buffalo, the chance to catch on with another team as a free agent. With many teams across the league dealing with injuries at the running back or just looking to bolster their backfields, Jackson likely won’t be unemployed for long.
This was a cost-cutting measure, because the 34-year-old Jackson is still able to contribute. He was a top 18 RB in PPR formats over the past two seasons, and even though his YPC (3.7) wasn't good in 2014, he's still very adept in the passing game (66 receptions, 501 yards). Karlos Williams and Anthony Dixson will be behind McCoy now. Williams had an impressive camp but suffered an undisclosed injury. He had passed Bryce Brown on the depth chart.