According to Anderson, he plans to pursue a career in coaching and initially is likely to take a job at a Power 5 college.
Anderson, 29, wound up signing on with the Broncos as an undrafted free agent out of Cal back in 2013. He signed a four-year, $18 million contract that included $10 million guaranteed with the Dolphins as a restricted free agent during the 2016 offseason but the Broncos matched the deal.
The Broncos elected to release Anderson in 2018 and he eventually agreed to a one-year contract with the Panthers. After a brief stint with the Raiders, Anderson signed on with the Rams.
From there, Anderson agreed to a one-year deal with the Lions last year but was released during the season.
For his career, Anderson appeared in 71 games for the Lions, Panthers, Rams, and Broncos and rushed for 3,497 yards on 776 carries (4.5 YPC) to go along with 108 receptions for 900 yards receiving and 27 total touchdowns over the course of seven seasons.