NFL Media Insider Ian Rapoport reported Monday that Babin has voided the final two years of his contract to become a free agent, according to a source who has spoken with the defensive end.
Babin was scheduled to earn $6.175 million in each of the final two years of his contract. He was a strong candidate for release before Monday's decision to opt out. According to Rapoport, Babin declined a pay cut to stay in Jacksonville.
Babin is probably best suited as a situational pass rusher at this stage of his career. He should be able to find work, but his prime-earning years are over.