Gilchrist was waived "injured" with a post-June 1 designation. The 28-year-old was due to count $7.4 million toward the 2017 salary cap. By releasing him as a post-June 1 cut, the Jets will save $6 million of that, deferring a $1.4 million charge to 2018.
Gilchrist started 29 games in two seasons for the Jets, who signed him as a free agent in 2015. He received a four-year, $22 million contract after playing four seasons with the San Diego Chargers. He was part of a secondary overhaul that included the additions of cornerbacks Darrelle Revis and Antonio Cromartie.
Now all three players are gone, with Buster Skrine the last man left standing from the class of 2015.
The Jets valued Gilchrist because he called the signals for the secondary, but he managed only five interceptions in two seasons. He tore a patellar tendon last Dec. 11 against the San Francisco 49ers. General manager Mike Maccagnan said during the draft that Gilchrist wouldn't be healthy enough for the start of training camp in late July.
Gilchrist's sidekick, starting strong safety Calvin Pryor, is no lock to be on the roster, as the Jets shopped the former first-round pick during the draft. He's not part of their long-term plans because, on Tuesday, they declined to exercise his fifth-year option for 2018.
In other moves, the Jets waived cornerback Nick Marshall, who recently was suspended four games by the NFL for a performance-enhancing drug violation. They re-signed backup linebacker Bruce Carter, an unrestricted free agent.