The Oakland Raiders are set to trade for former Houston Texans QB Matt Schaub, according to multiple reports. ESPN reports that the trade is for a late-round pick. The move comes after the Texans recently signed free agent QB Ryan Fitzpatrick.
Schaub, who has a $14.5 million salary-cap figure and a $10 million base salary for 2014, became expendable when the Texans signed former Tennessee Titans quarterback Ryan Fitzpatrick to a two-year deal Thursday night.
The Cleveland Browns had expressed some interest in Schaub, who could have been reunited with former offensive coordinator Kyle Shanahan. But the Raiders wanted Schaub even more, according to a source.
The trade is expected to be completed soon, pending a physical, according to NFL Network.
The Matt Schaub-to-#Raiders trade could go down today, officially. Source says he's flying to Oakland as we speak. Physical, then deal.— Ian Rapoport (@RapSheet) March 21, 2014
The Texans have the No. 1 pick in the 2014 NFL Draft and are expected by many to be targeting a quarterback, which would make Schaub, a 10-year veteran, expendable.
The trade allows the Raiders draft flexibility. With Schaub in as a possible starter, the Raiders won't be forced to take a quarterback, though they could do anyway.