Derek Carr released by Raiders

Derek Carr is officially free.

The Las Vegas Raiders released the quarterback from his contract on Tuesday, making him a free agent. He can begin negotiating with teams immediately.

The Raiders were forced to release him Tuesday before $40.4 million in his contract became guaranteed on Wednesday.

By cutting him, the Raiders free up $29.3 million in cap space and it takes them off the hook for the $40.4 million.

Carr,