My car seems to slow down when I release the accelerator as if grabbing.

Hello, The play in the wheel could be a bad wheel bearing, and I would suspect it could have been destroyed by excessive heat due to a locked up brake caliper. Also, the control arm bushings, strut, tie rod, steering rack could be worn/broken/defective, causing the wheel to move in this fashion. If the tire is steering left or right when the brakes are applied, it will also slow you down, but will pull to one side or wander around. My bet is that the wheel bearing is bad, and the axle is keeping the wheel on the car. I advise having it towed to a reputable shop to have the front end inspected and diagnosed.