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Source: Raiders release QB Derek Carr before contract deadline

HENDERSON, Nev. -- The Las Vegas Raiders released Derek Carr on Tuesday after the veteran quarterback declined to waive his no-trade clause and just before more than $40 million of his contract would have become guaranteed, a source told ESPN's Adam Schefter.

As such, Carr, who said in 2021 he would "probably" retire rather than play for a team other than the Raiders, hits the open market a month before the start of the NFL's new league year, on March 15. And the Raiders, who have only one quarterback under contract in Chase Garbers, are searching for a fulltime starter at QB for the first time since Carr won the job as a rookie in 2014.