Matt Schaub restructures contract with Raiders

Dec 22, 2013; Houston, TX, USA; Houston Texans quarterback Matt Schaub (8) warms up before a game Denver Broncos at Reliant Stadium. Mandatory Credit: Troy Taormina-USA TODAY Sports /

The Oakland Raiders completed a trade with the Houston Texans to acquire quarterback Matt Schaub, and they wasted no time naming him their starting signal-caller. Oakland also did some work behind the scenes to make Schaub more affordable in the final years of his current contract.

Adam Schefter of ESPN had the details:

Raiders QB Matt Schaub restructured deal with OAK, lowering base salary and cap # this year; still can earn $15-$20M the next two seasons.
— Adam Schefter (@AdamSchefter) March 24, 2014

Schaub’s old deal would have paid him $24.5 million over the next two seasons, but now the Raiders can have their guy locked up for the next two years with a smaller cap number.

The Raiders appear to be excited about Schaub and what he can bring to the team, even if he was benched for an undrafted free agent last season.

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