According to Adam Schefter, the Houston Texans have traded QB Brock Osweiler and a 2018 second-round pick to the Cleveland Browns to take on Osweiler's $16 million salary off of Houston's books. The move reportedly clears out millions in salary-cap space for Houston to pursue Tony Romo.
In addition to Cleveland taking on Osweiler’s contract, they get a 2018 second-round pick and a 2017 sixth-round pick, and Houston gets Cleveland’s 2017 fourth-round pick, saves $10 million in salary-cap space and $16 million in cash. The Browns are reportedly shopping Osweiler on the market and do not plan to keep him.
“We are committed to bringing a championship to the city of Houston,” said Executive Vice President of Football Operations and General Manager Rick Smith in a statement. “We are exhaustive in our efforts and the resources provided by the McNair family allow us to operate that way. We continuously evaluate our decisions and processes to ensure the results match our goals and objectives. The decision to trade Brock was made because it was in the best interest of the team. It 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.”
Stunner: Texans trade Brock Osweiler AND 2018 2nd-rd pick to CLEV for Browns to take Osweiler contract off Houston books, sources tell ESPN.— Adam Schefter (@AdamSchefter) March 9, 2017
Sources confirm @ESPN report:Brock Osweiler and 2018 second-round draft pick to Browns in shocking trade— Aaron Wilson (@AaronWilson_NFL) March 9, 2017