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Source: New Orleans Saints to release WR Emmanuel Sanders

METAIRIE, La. - The New Orleans Saints are releasing veteran receiver Emmanuel Sanders after just one season as they continue to trim their massive salary-cap deficit, a source told ESPN's Adam Schefter.

Sanders, who turns 34 next week, confirmed the move in an Instagram post, saying:

"New Orleans it's been real. Sucks we didn't bring a super bowl to the city which was the goal when I signed but it was a blessing to showcase my talents in front of you guys weekend and week out. #Blessingsoblessings #Imafreeagent #Wheretonext?"

Sanders was due to make $8 million this season, with $2 million guaranteed.