The move was not a surprise as Anderson was due a $2 million roster bonus later this month and an inflated base salary of $7.45 million in 2010. Anderson was approaching the final year of a three-year contract.
Anderson never lived up to expectations after having his best season with the Browns in 2007, when he threw for 3,787 yards, 29 touchdowns and led the team to 10 victories.
The move leaves Wallace and Brady Quinn currently as Cleveland's two quarterbacks heading into next season. The Browns have been very active in searching for trades at the quarterback position, which could continue.