Tye, 27, had started 17 games for New York over the past two seasons. Since entering the league as an undrafted free agent in 2015, Tye has averaged 45 receptions, 430 yards, and two touchdowns per year. Because he’s not a vested veteran, he’ll go on waivers and can be claimed by any club.
The Giants used a first-round pick on tight end Evan Engram earlier this year, a move which spelled Tye’s departure. Other tight ends on New York’s roster include free agent acquisition Rhett Ellison and 2016 sixth-rounder Jerell Adams.