5:11pm: The Bears have officially cut Bush, the team announced today (Twitter link).
4:41pm: The Bears are releasing veteran running back Michael Bush, according to Mike Florio of Pro Football Talk (via Twitter). Bush had two years remaining on his contract, which would have run through the 2015 season.
Acting as Matt Forte‘s backup and a short-yardage option in the Bears’ backfield, Bush set career-lows in rushing attempts (63) and yards per carry (3.1) in 2013, en route to a career-worst 197 rushing yards. He was on Chicago’s books for a $3.85MM cap hit in 2014, so releasing him will reduce that number to $2MM in dead money, creating $1.85MM in cap savings for the Bears.