Home / NFL Transactions / Raiders Release Veteran QB Matt Schaub, Free Up $5.5M In Cap Space

Raiders Release Veteran QB Matt Schaub, Free Up $5.5M In Cap Space

The Oakland Raiders have announced the release of veteran QB Matt Schaub on Monday.

It became clear that Schaub was going to be released at some point in the near future after the Raiders brought in Christian Ponder.

It’s just really hard to justify paying Schaub his $5.5 million salary for the upcoming season to backup a Derek Carr.

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.

Releasing Schaub will free up all $5.5 million in cap space while creating no dead money, according to OverTheCap.com.

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.