A league source confirms for us that the Jacksonville Jaguars will be releasing on Monday veteran running back Fred Taylor. We chased this one after receiving a tip via e-mail from a reader who said our friends at 1010XL in Jacksonville are reporting that the team will announce the move later today at a press conference. Taylor, a first-round pick of the Jags in 1998, was due to receive a base salary of $5 million in 2009, and $6 million in 2010. Taylor has rushed for 11,271 yards on 264 2,428 carries, good for an average of 4.6 yards. He instantly becomes an unrestricted free agent, and he can sign with any team. UPDATE: Per Michael C. Wright of the Florida Times-Union, the Jags made the move in order to get younger at the tailback position. The announcement will come at a 1:30 p.m. EST press event.
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