The Ravens didn't have any use for Thompson because they have depth at the safety spot. Behind starters Matt Elam and James Ihedigbo are Michael Huff, Anthony Levine and Jeromy Miles, who was signed last week after being released by the Cincinnati Bengals.
It's telling that the Ravens parted ways with Thompson because the Ravens typically don't cut draft picks a year after being selected in the first four rounds. He was the 130th pick of the 2012 draft and the sixth safety taken.
Thompson played in seven games last season before going on injured reserve with a knee injury in November. He didn't make a tackle on defense or special teams.
This marks only the second player to be let go from the 2012 draft class (wide receiver Tommy Streeter, a sixth-round pick, was the other).