Adam Schefter of NFL Network reports that it's a done deal -- the Falcons have traded quarterback Matt Schaub to the Texans.
It's a sign-and-trade transaction, with the Falcons inking Schaub to a new contract and then trading him to the Texans. The use of a roster bonus and/or an option bonus due in, for example, five days will prevent the Falcons from taking a cap hit.
The move most definitely means that David Carr's tenure with the team is over. He was the No. 1 overall pick in the 2002 draft. A year ago, the Texans opted to pay a bonus that extended his deal for three seasons, which took them out of the running for Houston native Vince Young.
I actually think this is the smartest thing the Texans have done in years.