LAS VEGAS — The Raiders have released longtime quarterback Derek Carr.
Carr’s release came before a 1 p.m. Tuesday deadline that would have triggered a $40.4 million roster guarantee. It also means he is immediately free to begin negotiating a contract with other teams.
From the Raiders’ perspective, cutting Carr means getting out from under the three-year, $121 million contract extension they agreed to last year. The Raiders will be docked a $5,625,000 dead cap hit but will save $29.25 million in 2023.