Lynch said in a news conference that his lack of playing time heading into this season was a reason for his departure.
"It's been a real tough last 48 hours - coming to this decision in my heart. What simply happened is the situation just didn't feel right. And I've always been one to follow my gut and follow my heart in my decisions and when I've done that, things have worked out pretty darn good for me," said Lynch.
Broncos Coach Mike Shanahan told Lynch earlier this week that if the season were to start right now, he would be a first team safety, but would face limited use, especially in nickel and dime defensive formations.
Lynch concedes it's been a tough week, especially because he sees good things ahead this year for the Broncos.
"I really like the feel of this team, and that's what made this an extra hard decision. This team has a great chemistry to it and I think they're going to do very well," he said.
Shanahan allowed Lynch his release because of his dedication to the Broncos and to the game of football and recounted their conversation leading to the decision.
"I said… 'You've given me too much and you've been too much of a pro.' I don't think I've ever been with more of a pro than a guy like John Lynch. I mean, he's the type of guy you look at in the future, and say, 'Hey, could this guy be the president of the United States?' He's that type of guy. And so I felt like I owed it to him," said Shanahan.
Lynch told reporters he had already gotten one significant job offer.
"Someone called and asked me if I would coach fall baseball now for our 9-year-old son, so I got one job offer. I feel good about that," he said.
Lynch was entering his 16th season in the NFL.
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