For all seven of his professional years, James Anderson had called Carolina his home.

He'll be looking for a new one this offseason.

According to a source close to Anderson, the Panthers released the linebacker Tuesday morning. The move was first reported by ESPN's Adam Schefter.

Anderson learned he was being cut when the Panthers asked him to come to Bank of America Stadium on Tuesday morning, the source said.

Anderson was due $2.9 million next season, and if he's marked as a June 1 cut, the move will free up $3 million toward the cap. If not, cutting Anderson would create only $200,000 in cap space.

Anderson, 28, signed a five-year, $22 million extension in 2011 after the Panthers went on their post-lockout spending spree.

Anderson, a third round pick by the Panthers in 2006, held the team record for most tackles in a single season with before rookie linebacker Luke Kuechly broke that mark in this past season.