I cut the cord about 3 years ago (cable that is) if you can keep the internet for streaming make sure its high speed and you wont regret your decision.
i kept the 100 meg internet $60 a month and got a cheap antenna for the locals.
stream netflix, youtube, and espn thats about all you will need.
find a friend that will let you create a username and password for cable apps espn,nbc,cbs, fox sports and you can do anything you can with regular cable at $60 a month.