A league source tells PFT’s Mike Florio that Kolb rejected the Cards’ offer of a pay cut, and that he’ll be released. The door remains open for a return, but they had to make a decision by 4 p.m. before a $2 million roster bonus was due.
Frankly, the writing was on the wall for Kolb the minute they brought Drew Stanton in. While it’s hard to give a player such as Stanton the keys to the car sight unseen, it’s also hard to commit financially to Kolb, who never met expectations after the Cardinals traded and invested heavily in him.
Source: NBC Sports Pro Football Talk