The Oakland Raiders and Seattle Seahawks have pulled the trigger on a trade that will send quarterback Matt Flynn to the Raiders in exchange for a pair of draft picks, reports Jay Glazer of FOXSports.com.
According to a release from the Seahawks, they have acquired the Raiders' fifth-round pick in 2014 and a conditional draft choice in 2015.
Word broke last Friday that the Raiders and Seahawks were close to a deal for Flynn, appeared in three games in his first season in Seattle after signing a three-year, $19.5 million contract as an unrestricted free agent last March. The 2008 seventh-round pick out of LSU by the Green Bay Packers played in just over three dozen offensive snaps, completing five of his nine pass attempts for 68 yards in relief of rookie Russell Wilson, who won the Seahawks' starting job after an open competition during training camp.
Flynn has two seasons and $11.5 million remaining on his contract, including a $5.25 million base salary, $2 million of which is fully guaranteed, for the 2013 season. By trading Flynn, the Seahawks will save $5.25 million in cash and $3.25 million in cap space, some of which may be used to locate another backup quarterback. Wilson is currently the only quarterback on the team's 90-man roster and one option may include Tyler Thigpen, an unrestricted free agent who spent the last two season as the backup quarterback with the Buffalo Bills. Thigpen has the athleticism to run the read-option should something happen to Wilson this season.
In addition to acquiring Flynn, Glazer adds that the Raiders are attempting to trade Carson Palmer, their starting quarterback the last two seasons, to the Arizona Cardinals for a late round draft choice.
Palmer, 33, has refused to reduce his $13 million base salary and would play for less, and in a lesser role, on another team, Michael Silver of Yahoo! Sports reports. Trading, or flat-out releasing Palmer will save the Raiders $13 million in cash and $5.995 million in salary cap space this season.