Taylor Heinicke was expected to be released due to the Falcons signing Kirk Cousins and drafting Michael Penix Jr., but he will instead remain with the team.
Former Packers corner, King's challenges with injuries prevented him from making the roster, but as a vested veteran, he will go straight to free agency.
Atlanta waived several recent draftees, including the surprising release of standout performer Blair, who the team hopes to retain for the practice squad.
The Falcons designated Hellams for return from IR, allowing flexibility in the roster as they aim to activate him by Week 5.
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