The Oakland Raiders will trade a late-round pick in the 2014 NFL draft to the Houston Texans in exchange for quarterback Matt Schaub, a league source told ESPN.
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.
Not long after Houston acquired Fitzpatrick, Oakland made its final move on Schaub.
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 between Oakland and Houston, two teams scheduled to pick in the top five, could impact the 2014 draft and how high quarterbacks will be selected.
Given Schaub's play in 2013, he's hardly a savior at QB, but the Raiders now have a stopgap option as they try to find a franchise passer. Consider this a boost for Denarius Moore, Rod Streater and the freshly signed James Jones.
Browns news
