The Tennessee Titans have released a statement announcing that an agreement on a restructured contract with quarterback Matt Hasselbeck and that the team will be releasing him. Hasselbeck was scheduled to make $5.5 million in 2013, a number that the team felt would be way too much for a backup quarterback. Hasselbeck was aware that a restructuring of his contract might be necessary, but apparently he wasn't open to it.
The Titans have been courting former Bills quarterback Ryan Fitzpatrick and this now makes more sense. Fitzpatrick can come in and be a serviceable backup as well as compete for the starting position if given the opportunity.
The Titans released a statement regarding Hasselbeck's release. "I want to thank Matt for his contributions to our team over the last two years," Titans General Manager Ruston Webster said in the statement. "He was an important part of the transition process - he was a pro at every turn and he provided an example to the rest of the team. I know that we are a better team for his being here and we wish him the best."