1:24 PM PT -- 11/9 McKinley is no longer a member of the Atlanta Falcons ... with the team officially waiving the former first-round pick on Monday.
The team previously said it would consider all options in determining McKinley's punishment following his Twitter outburst ... but ultimately decided it was best to part ways.
Atlanta Falcons star Takk McKinley's Twitter fingers just cost him a chunk of change ... with the team reportedly fining the defensive end over his recent Twitter outburst.
McKinley -- a 2017 first-rounder -- seemingly called the Falcons front office clowns after the trade deadline this week .