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The Jets waived Stepp (undisclosed) from IR with an injury settlement Friday, Aaron Wilson of KPRC 2 Houston reports.

Stepp reverted to IR with an undisclosed issue Thursday and reached an injury settlement one day later. He'll thus be eligible to join a new organization upon returning to health. The 24-year-old initially latched on with the Jets as an undrafted free agent May 13.

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