Dec 12, 2013; Denver, CO, USA; San Diego Chargers cornerback Derek Cox (22) on the sideline lines in the fourth quarter against the Denver Broncos at Sports Authority Field at Mile High. The San Diego Chargers defeated the Denver Broncos 27-20. Mandatory Credit: Ron Chenoy-USA TODAY Sports

NFL Rumors: San Diego Chargers release Derek Cox

Just one year after he singed a fat free agent contract with the San Diego Chargers, cornerback Derek Cox is once again looking for work. According tot he San Diego Union-Times, the veteran cornerback is the latest victim of the Chargers salary cap purge.

Earlier on Tuesday the Charger also cut loose veteran fullback La’Ron McClain in a move that seemed to surprise some. Cox being cut is less surprising as he’d underwhelmed the coaching staff in 2013 and didn’t play up to the level he was expected to when he inked his four-year free agent deal last summer.

Cox will find work again but it’ll come at a reduced price and a lesser role. He’s a serviceable veteran, but he cashed in on the hype at the right time and the Chargers ended up paying for it.

Tags: Derek Cox NFL Free Agency 2014 San Diego Chargers