The NFL team took to twitter to share a short message that Collins, a running back with the Ravens, was waived following his arrest early Friday morning.
A spokesperson for the Baltimore County Police Department said that police were dispatched to the scene of a car crash in the 10000 block of Dolfield Road in Owings Mills at approximately 6:48 a.m.
The crash was just about a mile away from the Ravens facility.
Collins was taken into custody as a result of the accident although police would not say if Collins was the driver or a passenger in the vehicle.
The 24-year-old has not been formally charged but remains in police custody.
Collins finished his second season with the Ravens with 516 total yards and eight touchdowns.