The United States Department of Justice announced Thursday that Bellamy (shoulder) was arrested on multiple fraud charges for his alleged participation in a scheme to receive loans intended for COVID-19 relief.

EDGE Analysis

Bellamy's arrest comes one day after he was released by the Jets in a decision that was believed to be related to the season-ending shoulder injury he suffered in May. According to the report, Bellamy received a Paycheck Protection Program (PPP) loan worth than $1.2 million for his entertainment company, with the Department of Justice alleging that the 31-year-old used the proceeds of the loan for personal rather than business use. Bellamy was scheduled to appear in a Florida court Thursday in connection with the charges.

The Jets released Bellamy (shoulder) from the reserve/PUP list Tuesday.

EDGE Analysis

Bellamy's contract was set to expire this spring, and he's already set to miss the entire 2020 season with the shoulder injury, so his release was merely a formality. The 31-year-old receiver played a bit role in the Jets' passing game in 2019 with two receptions for 20 yards, but he was a valued contributor on New York's special-teams units.

The Jets will place Bellamy (shoulder) on the reserve/PUP list Tuesday, Ian Rapoport of NFL Network reports.

EDGE Analysis

The transaction doesn't officially end Bellamy's season, though Rapoport relays that Bellamy and fellow receiver Quincy Enunwa (neck) are dealing with significant injuries that won't allow either player to suit up for the team in 2020. Bellamy only collected two receptions in seven games last season, but the depth wideout was a core member of the Jets' special-teams units when active.

Bellamy (shoulder) likely will be released this offseason, Rich Cimini of ESPN.com reports.

EDGE Analysis

The Jets can save $2.3 million without absorbing any dead cap charge. Bellamy played 124 snaps on special teams and 63 on offense in 2019, appearing in seven games before a shoulder injury sent him to IR. He went over 200 receiving yards each year from 2015 to 2017 with the Bears, but his 82 NFL games haven't yielded even a single 100-yard performance.

The Jets placed Bellamy (shoulder) on injured reserve Tuesday, Ethan Greenberg of the team's official site reports.

EDGE Analysis

Bellamy sat out Sunday's loss to the Dolphins and is now set to miss the rest of the 2019 season. The 30-year-old signed a two-year deal with the Jets in March and caught two of three targets for 20 yards in seven games.

Bellamy (shoulder/foot) has been ruled out for Sunday's game against the Dolphins.

EDGE Analysis

This comes as no surprise as Bellamy was unable to practice this week. He has logged just five offensive snaps over the last three weeks.

Bellamy (shoulder/foot) will not participate in Thursday's practice, Connor Hughes of The Athletic reports.

EDGE Analysis

Bellamy has now missed two consecutive practices due to shoulder and foot issues. The depth wideout appears to be trending toward inactivity versus the Dolphins on Sunday.

Bellamy didn't participate at Wednesday's practice due to foot and shoulder.

EDGE Analysis

Bellamy last dealt with the shoulder issue heading into Week 6, but he appears to have aggravated the injury in addition to the new foot issue. The 30-year-old has played only five offensive snaps over the last three games and has primarily worked on special teams.

Bellamy (shoulder) is listed as active for Sunday's game against the Cowboys.

EDGE Analysis

With just two catches for 20 yards in four games this season, Bellamy is off the fantasy radar. He currently slots in behind the Jets' top three wideouts, Robby Anderson, Demaryius Thomas and Jamison Crowder.

Bellamy (shoulder) is listed as questionable for Sunday's game against the Cowboys.

EDGE Analysis

Bellamy has been playing through the shoulder injury, so we'd expect the depth receiver to tough it out in quarterback Sam Darnold's return from mononucleosis.