The Texans will also get the Browns' fourth-round pick this year.
According to ESPN's Adam Schefter, the move clears out millions in salary cap space. The Texans are expected to save $16 million in cash and $10 million against their cap this season.
The trade is an end to a tumultuous 364 days for Osweiler in a Texans jersey. Between a benching late in the season and stats that didn't match his $72 million contract, the pressure was on to make a move.
A year ago today, Brock Osweiler to the Texans stole the show. Today, Brock leaving the Texans is the biggest story. #Texans— David Nu?o (@DavidNunoABC13) March 9, 2017
The Texans released the following statement:
"We are committed to bringing a championship to the city of Houston," said Executive Vice President of Football Operations and General Manager Rick Smith. "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."
Are the Texans making room for Tony Romo? With the NFL free agency period officially underway, we should know very soon.
We will have complete coverage starting at 4pm on Eyewitness News.
REACTION TO THE TEXANS TRADE:
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
So we're about to release Raspberry AF but what if we changed the name to Romo AF? Anyone think that would help move things along?— SaintArnold (@SaintArnold) March 9, 2017