Daniel Jones is no longer a member of the Giants.

The Giants announced Friday morning that they have released Jones. Jones said Thursday he was “still processing” being benched and falling to No. 4 on the depth chart earlier this week, and team owner John Mara said Jones asked the Giants to let him go Friday.

“Daniel came to me this morning and asked if we wanted to release him,” Mara said in a statement. “We mutually agreed that this would be best for him and for the team. Daniel has been a great representative of our organization, first class in every way. His handling of this situation yesterday is an example of exactly that. We are all disappointed with the way things turned out. We hold Daniel in high regard and have great appreciation for him. We wish him nothing but the best for the future.”

Jones was buried on the depth chart because the Giants didn’t want to risk an injury that would guarantee $23 million on his contract for next season. Jones said there had been some discussions between the team and his agent about that clause in the wake of his benching, but that it will now be a moot point for the Giants.

Now that the trade deadline is behind us, all players are subject to waivers when released by their teams. Any team that claims Jones would also claim that guarantee, so it’s a good bet he’ll be a free agent next week.