The Ravens signed quarterback Matt Schaub to a one-year deal worth $3 million.
Raiders quarterback Matt Schaub has been released, the team announced on Monday afternoon.
The Raiders had roughly $54 million in salary cap space heading into the offseason.
The Raiders have plenty of money to spend this offseason.
ST. LOUIS –- The Raiders were down 38 points through three quarters of Sunday’s game against the St. Louis Rams, with no comeback hopes long since dashed.