The Dream Team is officially dead.

The Philadelphia Eagles will release CB Nnamdi Asomugha today.

The move was first reported by Adam Schefter.

The Eagles signed Asomugha to a 5-year $60 million contract two seasons ago. He was widely regarded as the second best cornerback in the league at the time behind only Darrelle Revis.

Asomugha, 31, was due $15 million this season, but the two sides were apparently working towards a contract restructure, but that never came to fruition.

Shortly after the news, Asomugha released a statement thanking the fans:

“I'm very grateful for my time in Philadelphia & I want to thank the Eagles organization for the opportunity to play here."

Asomugha joins a lengthy list of veteran cornerbacks who have been seemingly released due to monetary purposes including: Antoine Winfield, Charles Woodson, and DeAngelo Hall.

The Eagles could look towards the draft for their secondary needs, many national mock drafts have the Eagles selecting Dee Milliner out of Alabama.

Dominique Rodgers Cromartie who was acquired in the Kevin Kolb trade to the Cardinals is an unrestricted free agent and not expected to be retained.

--Pete Giordano