The Oakland Raiders and cornerback DeAngelo Hall completed the paperwork Tuesday night, and the move will become official today.
In the first of what could be a flurry of releases, the Raiders will waive Hall, freeing them from the $16 million in injury-guaranteed bonuses they would have had to pay him next season.
Instead, Hall will have gotten money for almost nothing — $8 million for eight games, a nice, tidy $1 million per game salary.
Hall will be placed on waivers, where any team will have the right to claim him and his contract. If he goes unclaimed, Hall will be free to sign with any team, and he will want it to be with a playoff contender.
Teams interested in him during the offseason were the Dallas Cowboys, Washington Redskins and New York Giants. New England has also been in the market for cornerbacks.
Hall is expected to resurface quickly while the Raiders begin rebuilding yet again. Hall will be the first high-priced player released. But he will not be the last.