The Houston Texans are making a big trade with the Cleveland Browns. They will send Brock Osweiler and a 2018 2nd round pick to the Cleveland Browns. ESPN’s Adam Schefter had the details to the trade.
“NFL stunner: Texans trade QB Brock Osweiler AND a 2018 second-round pick to Cleveland for the Browns to take Osweiler’s $16M salary of Houston’s books, per league sources. The move clears out millions in salary-cap space for Houston to intensify efforts to sign former Cowboys quarterback Tony Romo, per sources. To be exact, Houston saves $16 million in cash and $10 million against their cap this season. The Texans also will get the Browns’ fourth-round pick this year in exchange for their own 6th-round pick. So Cleveland gets Osweiler’s contract, 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. Cleveland is not committed to keeping Osweiler and is likely to try to trade him, per sources. If so, it would turn into a basketball-like trade in which NBA teams routinely trade contracts to get them off their books; only it rarely, if ever, happens in the NFL. It’s hard to remember in the salary-cap era another team when a team traded a contract to get it off its books. But Houston was so anxious to rid itself of Osweiler and move on to its next quarterbacking chapter that it is giving Cleveland extra picks to take him and his contract. The Browns headed into this free-agent signing period with over $100 million worth of salary-cap space and would struggle to spend it all. Now they can devote some of it to Osweiler’s contract and acquiring extra draft picks from Houston. But this is one of the most, if not the most, creative trade in NFL history.”
Added in this deal is that the Texans will get a 4th rounder from Cleveland while a 6th rounder will go the other way. The Texans clear $10 million in cap space that can now be used to go and get Tony Romo.
The Browns will pay Osweiler $18 million to gain a 2nd round pick essentially. Cleveland had tons of cap space entering his offseason so even that bloated salary likely won’t affect their offseason much.