HOUSTON - NFL sources confirmed the Texans traded quarterback Brock Osweiler, a 2018 second-round pick and a 2017 sixth-round pick to the Cleveland Browns for a 2017 fourth-round pick.
The move saves the Texans $16 million in cash and $10 million in salary cap space.
ESPN, which first reported the trade, speculates the move was made by the Texans to acquire quarterback Tony Romo.
Osweiler, signed as a free agent by the Texans during the 2016 offseason, played poorly and lost his starting job to Tom Savage, only to get it back when Savage was injured.
Texans executive vice president of football operations and general manager Rick Smith released the following statement on Thursday afternoon: