What happened: The move terminates the veteran receiver's contract and leaves New York with four players at the position. Slayton had survived final cuts after weeks of uncertainty over his roster spot.

Why it matters: The timing forces a late depth-chart adjustment six days before the Sept. 13 opener. Slayton can sign elsewhere immediately as a vested veteran.

What to watch: Watch whether New York adds another receiver and where Slayton lands.