Former Falcon Ray Edwards has reportedly cleared waivers. The veteran defensive end was cut by Atlanta on Monday night, and no teams had made a claim by Wednesday's 4 p.m. ET deadline.

The Falcons are still on the hook for the balance of Edwards' $3 million base salary. Per the terms of the CBA, Edwards is a vested veteran who is entitled to the remainder of his base salary if cut in-season, even if he signs with another team. Each player is limited to taking advantage of the termination pay only once.

Edwards had 3.5 sacks in 2011, his first year with the Falcons. He has played in nine games so far this season, starting four of them. He has yet to register a sack, but he has recovered two fumbles and collected 26 return yards. In his seven year career, he has a total of 33 sacks and six recovered fumbles with one touchdown.