Gibbons, 26, managed 47 games in a navy blue guernsey following his successful stint with VFL side Williamstown that saw him claim a pair of J.J. Liston Medals as the best and fairest player in the competition.
The Murray Bushrangers product departs Princes Park after slotting 35 goals across his three-seasons at AFL level.
Across the pair of years he spent with the club, Ramsay failed to make his senior debut under David Teague.
Thanks for everything Gibbo and Rama. 🙌
The Club can confirm that the pair will not be offered new contracts beyond 2021.
We wish them all the best for the future.
— Carlton FC (@CarltonFC) October 7, 2021
In an official statement, Carlton's Head of List Management Nick Austin wished to thank both Gibbons and Ramsay for their efforts whilst at Royal Parade.
“Michael and Sam are great people and gave everything to get the best out of themselves,” Austin said.
“Michael worked extremely hard during his time at the Club and for the last three seasons he earned every game he played in the Navy Blue. He was a quality club person, with great energy, which was certainly appreciated by everyone he came across.
“While Sam will also depart, we’re sure the quality of character he is will see him make the most of the next step he takes.”
These pair of delistings come on a day that Carlton finally landed Adam Cerra at the trade table.
The addition of the former Docker came just prior to the news that Sam Petrevski-Seton would depart to join the Eagles and that ex-Bulldog Lewis Young would join Cerra under incoming coach Michael Voss' stewardship next season.