UPDATE: The Patriots announced on Friday afternoon that they have released Steve Gregory.
Steve Gregory's agent announced on Friday via Twitter that the Patriots plan to release the safety.
Patriots will be releasing starting #TeamDEC client Safety Steve Gregory today.— David Canter (@davidcanter) February 28, 2014
Gregory signed a three-year deal with the Patriots in 2012. If he were to remain with the Patriots this season, he would could $3.683 million against the salary cap. By releasing him, the team will save $2.85 million.
Over the last two seasons, Gregory had earned a role as an on-the-field leader, at times serving as the main line of communication between the coaching staff and the defense when linebacker Jerod Mayo was out injured in 2013.
Duron Harmon figures to move into Gregory's vacated starting role. As a rookie last season, he played in 15 games and made three starts alongside second-team All-Pro safety Devin McCourty.
As currently constituted, Adrian Wilson, Tavon Wilson, Nate Ebner, and Kanorris Davis round out the Patriots depth chart at safety.