FLOWERY BRANCH, Ga. (Aug. 30, 2005) -- The Atlanta Falcons cut Peerless Price, giving up on their former top receiver after two disappointing seasons.
Price signed a $37 million contract, including a $10 million bonus, with the Falcons, who acquired him from the Buffalo Bills in a March 2003 trade that cost Atlanta a first-round draft pick.
Price was coming off a career season with the Bills, catching 94 passes for 1,252 passes and nine touchdowns in 2002, and was expected to give Michael Vick a go-to receiver.
But the move never worked out. Price had only 45 catches and three touchdowns last season, and he was demoted to second team behind Michael Jenkins coming into training camp.
When Price suffered a concussion in a preseason game, his fate was sealed.
"It's just not a good fit here," coach Jim Mora said. "That's the bottom line. It's my hope that he'll go on and be productive with another team."