An undrafted free agent out of Cal, Anderson had become a fan favorite in Denver and will now continue his career elsewhere, and speculation is already out there that he will transition easily to Miami with the Dolphins, who employ Adam Gase and Eric Studesville. He was an integral part of their Super Bowl run in 2015.
This timing will allow Anderson to find a new team before an National Football League club fills the need in the draft.
Anderson finished 11th in Pro Football Focus' elusive rating last season among qualified running backs, forcing 41 missed tackles on 273 touches and averaging 2.78 yards after contact. Here are a few reasons...
There is a possibility that explosive Penn State back Saquon Barkley may be available for the Broncos to select at No. 5, but in a draft that's considered deep at the position, Georgia running backs Sony Michel and Nick Chubb could be a fit, as well as San Diego State's Rashad Penny or LSU's Derrick Guise - though all four of them are expected to be second-round picks.
Anderson has spent his entire career in the Mile High City after he was drafted by the Broncos in 2013 out of Cal.
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However, the team has loved Booker dating back to his rookie season when he became the team's leading rusher, and was nearly named the starting running back ahead of the 2017 season before Booker suffered a wrist injury.
If Miami is insistent on adding another quality running back to the roster, the 2018 National Football League draft is not short on talent at the position.
The Broncos matched, paying him $6 million in 2016 and $3 million a year ago, but declined to give him his $4.5 million salary for this season and in 2019.
The Broncos not only saved money by releasing Anderson, they opened up playing time for Devontae Booker and De'Angelo Henderson.
That would certainly add a little wrinkle in things. The Broncos subsequently matched the deal sending him back to Denver.