Falcons part ways with veteran cornerback Casey Hayward in a cap-saving move

Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com.

The Atlanta Falcons have released two-time Pro Bowl cornerback Casey Hayward. 

The team announced its decision to move on from the veteran defensive back Friday, just a few days before next week's NFL Draft. It is unclear if Hayward's departure will impact the team's draft outlook.

Atlanta has invested in improving its defensive backfield this offseason with the additions of Jeff Okudah Jessie Bates and Mike Hughes. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Cornerback Casey Hayward (29) of the Atlanta Falcons walks off the field at the conclusion of an NFL preseason game against the Detroit Lions in Detroit Aug. 12, 2022. (Amy Lemus/NurPhoto via Getty Images)

Hayward spent one injury-riddled season with the Falcons. He was in the middle of a two-year contract with the club. The 33-year-old would have made $5 million in 2023, but his salary was not guaranteed

The Falcons' decision to release Hayward will create $5 million in cap space and $2 million in dead cap money.

NFL PROSPECT HENDON HOOKER SAYS HE IS THE BEST QUARTERBACK IN THE DRAFT: 'I WOULD HAVE MYSELF AT NO. 1'

Hayward has played for four NFL teams in his 11-year career.

He was selected by the Packers in the second round of the 2012 NFL Draft. He played for the Chargers and spent the 2021 season with the Raiders before joining the Falcons in 2022.

Cornerback Casey Hayward Jr. of the Las Vegas Raiders during a game against the Baltimore Ravens at Allegiant Stadium Sept. 13, 2021, in Las Vegas.  (Christian Petersen/Getty Images)

Hayward experienced the best years of his career during his five-year run with the Chargers. He was named to back-to-back Pro Bowls