After failing to trade Carlos Hyde, the Jacksonville Jaguars have officially announced that they'll be releasing him.

CBS Sports is reporting that Hyde was released alongside Malik Jackson and Tashaun Gipson because trade talks never materialized. In moving on from Hyde, the Jaguars have freed up the entirety of his $4.7 million base salary.

Hyde was acquired last season from the Cleveland Browns amid injury issues in the backfield. He carried 58 times for 189 yards (3.3 per carry) and did not score in eight games with the team. He was an obvious cut candidate from the moment he was acquired, and that has indeed come to pass.

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Hyde, unfortunately, has had a long fall from grace when it comes to his professional life.

When he was recruited by the San Francisco 49ers, there were large expectations for Hyde coming into an already crowded backfield. With a large amount of depth at the position, Hyde had to compete against Kendall Hunter, LaMichael James, Marcus Lattimore, and 49ers all-time leading rusher, Frank Gore.

A series of injuries would move Hyde up the depth chart to the back up running back behind Gore. Last season's backup running back Kendall Hunter tore his ACL during training camp, Marcus Lattimore retired due to a previously suffered ACL and MCL tear in college, and James sprained his elbow. James was later released by the team. In the season opener against the Dallas Cowboys, Hyde rushed for 50 yards on seven carries and one touchdown.

Over the next couple of weeks thereafter, the team would not feature Hyde very much, giving him a total of just seven carries.