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Wimbley originally was scheduled to earn $6 million in 2014. He has collected $15 million for just nine sacks over the past two seasons.
Relegated to a niche role as a situational pass rusher, Wimbley saw his snaps plummet from over 900 in 2012 to fewer than 400 last season.
Keeping Wimbley should allow the Titans to concentrate on other positions early in next month's NFL draft.