Raiders officially release QB Derek Carr after nine seasons, team announces

Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com.

The Las Vegas Raiders have released Derek Carr after the quarterback refused to waive his no-trade clause, the team announced.

If Carr was still on the Raiders roster as of 4 p.m. ET Tuesday, $40.4 million of his contract would have become fully guaranteed. 

The roster move frees up around $29 million in cap space for Las Vegas and allows Carr to hit the open market a month ahead of the start of the NFL's new league year.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Quarterback Derek Carr of the Las Vegas Raiders looks to throw during the first half of a game against the New England Patriots at Allegiant Stadium Dec. 18, 2022, in Las Vegas.  (Chris Unger/Getty Images)

"We have a lot of respect for Derek Carr and what he has meant to the Raiders organization for the last nine years. Derek has done great things in this league, and we’re thankful to have been able to work with him this past year."  head coach Josh McDaniels and Raiders general manager Dave Ziegler said in a prepared statement. 

"He is a true professional, and we appreciate his hard work in striving to produce the results we all desire. We wish Derek and his family all the best in the future."

Carr, who turns 32 next month, visited with the New Orleans Saints last week. Any new contract Carr signs with his next team will likely reflect the current market rate for quarterbacks.

DEREK CARR MAKES LIGHT OF RAIDERS EXIT, LOOKS AHEAD TO NEW TEAM: ‘GOING TO GIVE THAT CITY EVERYTHING I GOT'

Since Carr was released by Las Vegas, he does not have to wait until the new league year begins March 15 to sign with a team.

Over the course of his nine seasons with the