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MIAMI (CBSMiami) – According to multiple reports, the Miami Dolphins are expected to release Pro Bowl cornerback Brent Grimes sometime this week.

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The Sun-Sentinel is reporting that the Dolphins approached Grimes with the intention of trying to restructure his four-year, $32 million contract that was signed prior to the 2014 season.

Grimes declined to redo his deal and intends to test the free agent waters, per the report.

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The Dolphins will free up $6.5 million in salary cap space by cutting Grimes.

The down side is that without Grimes, the Dolphins don’t have any starting-caliber cornerbacks.

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Earlier in the day it was reported that Miami was involved in trade talks with the Philadelphia Eagles for cornerback Byron Maxwell.