Schaub, 33, was acquired last year from the Houston Texans for a sixth-round draft pick but ended up losing the starting job to rookie Derek Carr. Jeff Curry-USA TODAY Sports
Three days after signing Christian Ponder, the Oakland Raiders released quarterback Matt Schaub.
The move Monday saved the team $5.5 million against the salary cap.
Schaub, 33, was acquired last year from the Houston Texans for a sixth-round draft pick but ended up losing the starting job to rookie Derek Carr.
Schaub struggled with elbow tendinitis and completed 5 of 10 passes for 57 yards and two interceptions.
The Raiders signed Ponder on Friday, a precursor to releasing Schaub on Monday. Ponder is expected to battle Matt McGloin for the backup spot behind Carr.
In an 11-year career with the Atlanta Falcons (2004-06), Texans (2007-13) and Raiders, Schaub has completed 63.9 percent of his passes for 24,311 yards, 130 touchdowns and 86 interceptions, with a passer rating of 89.5.
