Sherman is already drawing significant interest around the league and will be meeting with the San Francisco 49ers to kick off his free agency.
Of course, this is all dependent on Sherman actually leaving Northern California without a contract.
Sherman is now an unrestricted free agent and free to negotiate and sign with another team.
But maybe Detroit's "preliminary interest" in Sherman signals that they're about to be more active in the veteran cornerback market than we thought.
Sherman balked at that so the Seahawks instead explored trade options.More news: Eagles trade Torrey Smith to Panthers
Sherman is recovering from two separate surgeries on his left and right Achilles tendons.
The release means Sherman - who is acting as his own agent - can get a head start on finding his next team.
According to somebody who was at the restaurant, Shanahan dined with Sherman and his wife at Nick's Next Door restaurant in Los Gatos tonight.
If healthy, Sherman, a four-time Pro Bowl selection who excels in physical man-to-man coverage, would be an ideal fit for the 49ers' 4-3 defense.
Sherman, a Stanford graduate, comes with health concerns, and a trip to his alma mater is likely in store for him Saturday for an exam with the 49ers medical staff.
New England enters the weekend with approximately $23 million in cap space, which should enable the team to re-sign Nate Solder and make a run at another prominent player. He told SI.com's Albert Breer the Seahawks "wanted the financial flexibility going into free agency but expressed that they wanted me to return and will be in contact".