Wagaman mentions that Schaub would either have to accept a pay cut and restructure his current contract or run the risk of being released by the Raiders in the coming months.
As of now, Schaub is actually among the top-20 highest paid quarterbacks in the league, despite the fact that he’s a clear backup heading into the 2015 season.
Schaub, 33, signed a two-year, $13.5 million contract that included $8 million guaranteed after the Raiders sent a sixth-round pick to the Texans for him.
He’s scheduled to make a base salary of $5.5 million for the 2015 season. However, releasing Schaub would free up all $5.5 million in cap space, according to OverTheCap.com.
The Raiders have plenty of cap space to work with, but it would still be a lot of money to pay a backup that has struggled as much as Schaub has in recent years.
In 2014, Schaub was active for 11 games, but was limited to playing just 19 snaps. He completed 5 of 10 passes for 57 yards and two interceptions.