HOUSTON (CBS HOUSTON) – The Houston Texans have traded quarterback Brock Osweiler and a 2018 second round pick to the Cleveland Browns.
ESPN’s Adam Schefter first reported the news.
The Texans announced the trade with a press release Thursday afternoon.
“The decision to trade Brock was made because it was in the best interest of the team,” Texans General Manager Rick Smith in a statement released by the team. “(The trade) frees up both cash and salary cap room to continue to improve our football team. We appreciate Brock’s effort and leadership while he was with us and we wish him and his family well.”
The full details of the trade according to Schefter’s report the Browns will take on Osweiler’s salary for 2017 and a 2nd round pick in 2018. In return the Texans will receive Cleveland’s fourth round pick in this year’s draft.
The Texans will now save $10 million on the 2017 salary cap and will now turn their attention to potentially acquiring Dallas Cowboy quarterback Tony Romo. The deal also saves the Texans $16 million in cash.
The trade comes one year to the day that Osweiler agreed to a four year $72 million contract with the Texans.