Aguayo, 23, lasted only one season with the Buccaneers after Tampa Bay traded up in the second round of the 2016 NFL Draft to select the Florida State product. Folk made is only field goal attempt in Friday's exhibition opener against the Cincinnati Bengals.
Aguayo entered the game ahead of Folk on the team's depth chart, but clearly his performance cause the team to make the decision to cut him.
Tampa Bay had to stick with Aguayo in 2016 after spending such a high pick on him, but the leash figures to be much shorter this preseason with the veteran Folk on hand.
Premier League season starts in style
He can be a nuisance for defenders. "We were a threat and played football and contributed to a thoroughly entertaining game". The 2017-18 Premiere League season started off with an absolute thriller between Arsenal and Leicester City on Friday.
"Honestly, the extra point felt good; I know I pushed it a little bit, and I felt hopefully it would stay in but it broke right". You just have to keep your head up and move onto the next day.
Aguayo missed an extra point on his first preseason kick, hitting the left upright, but he would go 8-for-10 on field goals and 7-for-7 on extra points the rest of the preseason. His 71% accuracy on field goals was the lowest in the NFL.
Asked if he thought he may have cost himself a job with Friday's performance, Aguayo said, "You wanted to come out and be ideal". I want to change this. He struggled during his rookie season, making just 22 of 31 field-goal attempts, as well as missing two extra points. Obviously, not up to the standards that I want. 'Well, this guy said I could get 5 more yards.' I said, 'Did any of those guys make 23 of 24 or 25 of 26 or whatever the heck you did and win the Groza?' I said, 'Why are you listening to them? I hit some good kickoffs. "It's a new day".