The Facts: The Giants released Tate, a source tells ESPN's Adam Schefter.

Diehards Line:The move was expected with Tate due $8.5 million in salary. Releasing the veteran wideout yields a cap savings of $6 million. Tate, 32, caught 35 passes for 388 yards and two touchdowns last season. It was the least productive season since his rookie year, in part because he missed four games and started just four, serving as the Giants' third receiver behind Sterling Shepard and Darius Slayton. Tate has played 11 years with the Seattle Seahawks, Detroit Lions, Philadelphia Eagles and Giants, making a Pro Bowl and winning a Super Bowl as one of the league's most productive receivers. The former Notre Dame star has 695 career catches for 8,278 yards and 46 receiving touchdowns. He's also tied for first in yards after the catch (4,248) with Antonio Brown since entering the league in 2010.