Andersen was nominated as one of 15 finalists from the modern era due to his outstanding 27-year career in the NFL, but missed the cut as Aeneas Williams, Michael Strahan, Derrick Brooks, Walter Jones and Andre Reed made the grade ahead of him.
"There's a lot of deserving guys that have been waiting a lot longer than I have," Andersen told the Baton Rouge Advocate. "I'm patient. I understand how the process works."
The 53-year-old holds the record for the most points ever scored by an NFL player.