Derek Carr hits open market after release from Raiders

Updated Feb. 14, 2023 4:15 p.m. ET

Associated Press

HENDERSON, Nev. (AP) — Quarterback Derek Carr was released by the Las Vegas Raiders on Tuesday as the club evaluates its future at the position.

The move was expected after Carr was benched with two games remaining this season because the Raiders would have owed him $40.4 million in guaranteed money over the next two years if he remained on the roster beyond Tuesday. By releasing Carr, the Raiders' salary dead cap hit will be $5.6 million next season.

“We wish the @Raiders the best of luck,” Carr's agent, Tim Younger, posted on Twitter. “This is the tough part of this business. That’s the point; it’s just business. Time now to reset for both sides. Derek chooses to hold on to many good memories and friendships, without any ill will. That’s who he is. Onward and upward.”

Las Vegas tried to work out a trade with the New Orleans Saints, and Carr visited the team last week. He exercised his no-trade clause and turned down the deal Sunday because Carr didn't want to take a pay reduction, a person with knowledge of the situation said at the time. The person spoke to The Associated Press on condition of anonymity because they weren’t authorized to comment publicly.

Now Carr, who turns 32 on March 28, will see what he's worth on the open market, and there is little doubt there will be interest in the nine-year veteran given how many teams need to upgrade at quarterback.

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