Perry, 24, set a single-season FBS record at the position with 2,017 rushing yards as a Midshipmen senior before transitioning to wide receiver and running back. He entered the NFL in the seventh round of the 2020 draft at pick No. 246 overall.
As a Dolphins rookie under head coach Brian Flores last campaign, the 5-foot-9, 186-pound Perry appeared in nine games. Those games included nine receptions for 92 yards and a touchdown to go with three rushes for five yards.
The 2019 American Athletic Conference Offensive Player of the Year saw 156 snaps on offense and seven snaps on special teams over that span. He returned one punt for 12 yards.
Miami waived Perry as NFL rosters reduced to 53 on Tuesday.
All non-vested departures from the Patriots passed through unclaimed. Defensive lineman Nick Thurman, who was waived with the injury designation, has since reverted to New England’s injured reserve.