Raiders Trade Sixth-Round Pick To Texans For QB Matt Schaub

Update:

Ian Rapoport of NFL Network reports that the Raiders have sent a sixth-round pick to the Texans for QB Matt Schaub.

——————-

Albert Breer of the NFL Network details some of the financial implications of the potential Matt Schaub to Oakland trade.

• Breer notes that Oakland would absorb $11 million in 2014 for Schaub, which is his base salary plus roster bonuses.
• Houston would save roughly $4 million in the trade, with $10.5 million in dead money.
• Breer adds that Schaub’s current deal calls for him to be paid 13.5 million in 2015 and $15.5 in 2016.

It should be notes that the deal appears to have been agreed to, but Schaub still has to pass a physical before the trade can be finalized.

——————-

ESPN’s Adam Schefter, citing a league source, is reporting that the Raiders are “expected” to trade a late-round pick in this year’s draft to the Houston Texans for QB Matt Schaub.

It appears that Oakland may believe Schaub is the answer to their ongoing quarterback dilemma.  The Raiders hold the fifth pick in the 2014 NFL draft, and were previously expected to seriously consider selecting a quarterback to compete with QB Terrell Pryor and QB Matt McGloin.

The Raiders could still look at the quarterback position, but they certainly have more flexibility now.

According to overthecap.com, Schaub still has three years left on his deal with Houston, and has a cap number of $14,437,500 for the 2014 season.  Oakland will take on roughly $11 million, while Houston will save nearly $4 million in cap space for 2014.