Parkey missed three extra point attempts and eight field goal tries -- including a 43-yarder that would have beaten the Philadelphia Eagles in the first round of the playoffs -- in his first season with the Bears.
The "double-doink" kick, after being slightly tipped, bounced off the left upright and hit the crossbar against Philly. Bears coach Matt Nagy then expressed disapproval with Parkey's decision to appear as a guest on "Today" five days later.
Parkey also bounced four kicks off the uprights during a Week 10 victory over the Detroit Lions, which helped give him the third-lowest field goal conversion rate in the NFL.
The Bears signed Parkey, 27, to a four-year deal that included $9 million in guaranteed money in March. The team will have to carry $4,437,500 worth of dead salary-cap money once Parkey is cut when the new league year begins.
NFL Network was first to report Parkey's release.