Update: According to ESPN's Adam Schefter, the Cleveland Browns have cut QB Derek Anderson before he was due a $2 million bonus on March 19. The move comes one day after the Browns traded for Seneca Wallace and serves as no surprise. Last season Anderson threw three touchdowns and 10 interceptions in 182 passing attempts.

Fantasy Impact: Anderson will find another team after the NFL draft if not sooner. Anderson should become his new team's backup quarterback and won't serve much fantasy value until his team is known.