Shepard's reworked contract last offseason included an automatic void three days after Super Bowl LVII.
The Giants will carry a cap hit of $4.3M for him in 2023.
Shepard is now free to sign with any team, but not much of a market is expected as he's still recovering from a torn ACL.
๐๏ธ: Dan Duggan (Twitter, @theathletichq)
Follow @offsides.nfl for more ๐ฅ