The Patriots are set to release Stephon Gilmore, but the move has yet to hit the league’s official transactions wire. Meanwhile, sources say the Patriots have leaked the news in a last-ditch effort to trade the cornerback (Twitter link via Albert Breer of The MMQB).

[RELATED: Patriots To Cut Stephon Gilmore]

I am grateful to Stephon Gilmore for his significant contributions to the team,” head coach Bill Belichick said in a team-issued statement. “It was a privilege and pleasure to coach Steph, I appreciate him for the true professional and class act that he is and wish him all the best in the future. Following discussions over a long period of time, we mutually agreed to part ways today.”

Belichick’s statement indicates that it’s a done deal. However, as of this writing, Gilmore has not been formally released.

From a football-only perspective, tons of teams would love to add Gilmore. However, no one was willing to meet the Patriots’ asking price, given Gilmore’s desire for a new contract. From here, interested clubs might be inclined to wait until 4pm ET/3pm CT. Then again, they could also circumvent the bidding process by talking to Gilmore’s camp and sending some future draft compensation to New England.

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