The move saves Jacksonville $4.1 million with no dead money. He was signed to a five-year, $20.5 million deal in March 2015, but all of the guaranteed money was paid out in 2015 and 2016. Skuta got $8.2 million the first two years. Now, he's a free agent and he doesn't count against the compensatory pick formula. He turns 31-years-old later this month and might have lost a step, but he' still faster than Rey Maualuga was and he contributes to special teams. He played 697 snaps on defense in the last two years.
Would he be a good Bengals pick up for special teams and linebacker depth? He was a special teams mainstay before departing for starter money after finishing his college free agent/rookie contract with the Bengals after the 2012 season. I would hope we could get him pretty cheap ($1-2 million or veteran minimum?) since he made $8.2 million for the last two years.
The Bengals have Vontaze Burfict, the newly-signed Kevin Minter, Nick Vigil, and Vinny Rey at linebacker. Marquis Flowers hasn't made much of an impact and P.J. Dawson is on track to become a bust. There's also Bryson Albright, a early offseason pickup. Even if the Bengals draft a linebacker or two there could be room for Skuta on the roster.
I think he's worth taking a look at. At 6-foot-2, 250 pounds he is sturdy and as long as he still hasn't lost his speed, he's worth signing. He's better than any of the three backups the Bengals currently have besides Rey.
The Bengals could sign him now, but, the team could also wait until after the draft to better assess the situation.