UPDATE 2:45PM: The Browns have pushed out a press release acknowledging that Anderson will be waived. Here's the release:
The Cleveland Browns today terminated the contract of quarterback Derek Anderson, the team announced. Anderson joined Cleveland via waivers from Baltimore in 2005 and spent the last five seasons with the Browns. He appeared in 39 games with 34 starts during that time and completed 587 of 1,109 passes for 7,083 yards with 46 touchdowns and 45 interceptions.
“I want to thank Derek for everything that he gave to the Cleveland Browns organization over the last five years,” said Browns Head Coach Eric Mangini. “He did everything we asked of him and it was a pleasure to coach such a competitive person. I want to wish him all the best in the future.”
BREAKING 2:05 PM The OBR's John Taylor has learned that the Cleveland Browns plan to release QB Derek Anderson within the next 24 hours.
That Anderson would be cut hardly counts as a surprise, given a decline in his performance since his stellar 2007 season, and a multi-million roster bonus due in the next week. The Browns had been assumed to be attempting to renegotiate Anderson's contract with the hopes of dealing him to another NFL club. The Arizona Cardinals had been rumored to have an interest in Anderson's services.
Anderson has been a member of the Browns since 2005, when he was acquired off of waivers from the Baltimore Ravens. A sixth-round pick by the Ravens, Anderson is known for having one of the league's stronger arms, but also having a tendency to throw interceptions.
Anderson will always be remembered in Cleveland for his Pro Bowl year in 2007, when Anderson, along with Jamal Lewis, Braylon Edwards, Kellen Winslow, and Joe Jurevicius, led one of the league's most potent offenses. The Browns were not able to capitalize in a highly-anticipated 2008 campaign, when new defensive help and league enthusiasm was unable to offset a sudden lack of offensive firepower.