The Jaguars signed Coutu in May, bringing him to serve as the team's kicker while negotiating with Scobee. The Jags used the franchise tag on Scobee and signed him to a four-year, $14 million deal Monday.
With Scobee under contract heading into training camp next week, Jacksonville had little use for Coutu.
Coutu played in the regular-season finale last year for Buffalo and converted three extra points. He missed his lone field-goal attempt. Coutu also spent time with Seattle in 2008. He played college ball at Georgia.