The Bills have released running back Chris Ivory, according to Adam Schefter of ESPN.com (on Twitter). Ivory was no longer needed in Buffalo after the club signed Frank Gore this offseason to support LeSean McCoy. 
Ivory, 31, amassed just 385 yards and one touchdown last year with an average of 3.3 yards per carry. Given the presence of Gore and Ivory’s scheduled $2.9MM cap hit, this was pretty much a no-brainer for the Bills. By releasing Ivory, the Bills will save $2.156MM against just $750K in dead money.
The Bills have upwards of $35MM in cap space after releasing the veteran, putting them in the same tier as the Browns, Titans, Jets, and Raiders, who are all hovering around ~$30MM in room. The Colts, Texans, and 49ers currently lead the way, though there’s a big gap between Indy and everyone else. The Colts have a projected $74.5MM in cash to work with after sitting on their cash stockpile in the early stretch of free agency.