No official announcement has been made by the Packers but according to ESPN.com, Finley was due a $3 million roster bonus by 4:00 p.m. today, and will make $8.25 million this season. He is in the last year of a two-year, $14 million contract signed last offseason.
The team had a decision to make after losing Greg Jennings and Tom Crabtree to free agency. Finley said earlier this month that he would rather be released than take a pay cut from the team.
Finley, 25, caught 61 passes for 667 yards and two touchdowns last season for the Packers.