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Report: Falcons release WR Price

August 30, 2005
ATLANTA (Ticker) - The Atlanta Falcons' patience with wide receiver Peerless Price apparently has run out.

The Atlanta Journal-Constitution is reporting that the Falcons on Tuesday released Price, who had underachieved since being acquired in a trade with the Buffalo Bills.

According to the newspaper, Price said "I hate y'all," before speeding out of the team headquarters parking lot.

After catching 94 passes for 1,252 yards and nine touchdowns for the Bills in 2002, Price was traded to Atlanta for a 2003 first-round pick and subsequently signed to a seven-year, $37 million contract which included a $10 million bonus.

In his two seasons with Atlanta, Price managed just 109 catches for 1,413 yards and six touchdowns. Last year, he had just 45 catches for 575 yards - his lowest totals since recording 31 catches and 393 yards in his rookie season of 2000, when he started just four games.

According to the report, the Falcons will not be responsible for Price's $2 million base salary this year but will take a $5.7 million salary cap hit in 2006.

Price, who will turn 29 in October, suffered a concussion in the team's first preseason game and had lost his starting job to Michael Jenkins, who was drafted 29th overall in 2004.

He is supposed to meet with the cowboys