According to ESPN, the Texans will trade Matt Schaub to Oakland for a late-round pick in the May draft. ESPN cites a league source.
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 yesterday.
Not long after Houston acquired Fitzpatrick, Oakland made its final move on Schaub.
It's not a done deal yet, though. ESPN goes on to say that another team has expressed interest in Schaub.