The Saints cut the veteran cornerback Tuesday, NFL Network Insider Ian Rapoport reported, per a source.
Pro Football Talk first reported the news.
The 32-year-old signed with the Saints less than a month ago. After jettisoning Keenan Lewis and Finnegan, New Orleans is left with just four corners on the roster. It's a young group, with second-year players Delvin Breaux and P.J. Williams (who missed his entire rookie season) slated to start. Undrafted rookies De'Vante Harris and Ken Crawley round out the depth chart sans Finnegan.
Finnegan hasn't played well (or much) in the past several years. He appeared in five regular season games and three playoff contests for Carolina last season. The 5-foot-10 veteran was one of the slowest corners in the NFL last season.
We should note that several veterans not in starting roles could be cut this week. The contracts for vested veterans become guaranteed if on the roster Week 1. There is a chance Finnegan could rejoin the Saints (or another team) after Week 1, when his contract wouldn't be guaranteed.
Here are some other moves that were made by teams on Tuesday: