Update: Releasing Carr will clear $29.25 million from the team's cap space ahead of the offseason, per Field Yates. They are expected to have about $50 million to work with as they look to either bring in another quarterback or address other team needs.
Releasing Derek Carr clears $29.25M in 2023 cap space for the Raiders, who are now in the neighborhood of $50M to work with this offseason.
– Field Yates (@FieldYates) February 14, 2023