The Falcons announced the move on Wednesday.
The 34-year-old had a reduced role under offensive coordinator Kyle Shanahan last season. His targets (70), receptions (43), yards (506) and touchdowns (one) were his lowest marks since 2005.
Despite his change in role last season, White didn't blame Shanahan for the drop in production, per Jeff Schultz of the Atlanta Journal-Constitution: “Maybe what he expected from me and I expected for myself—the bridge just broke down. What I expected for me was what I always did. He had another plan for me, but you expect that when there’s a new regime.”
A former All-Pro, White has a $2.75 million base salary with a $6.1 million cap hit next season, per Spotrac. He told ESPN.com's Vaughn McClure after last season ended that he's "not interested in taking a pay cut."
In Schultz's report, White did say "it would be a tragedy if I had to leave" Atlanta. He's been one of the franchise's most important players for more than a decade, setting Falcons records in career receptions, receiving yards and receiving touchdowns.
The NFL is a harsh business with difficult decisions made every year. White may not have wanted to leave Atlanta, but the front office ultimately had the say over his fate heading into free agency.