1:27pm: Ian Rapoport of NFL.com (Twitter link) is now reporting that the Texans are sending a conditional seventh-round pick for 2016 to New England in the deal. It appears as if that may be the lone pick involved in the swap, rather than it being in addition to the previously-reported 2015 sixth-rounder.
12:46pm: The Pats will receive a sixth-round pick in exchange for Mallett, according to Tania Ganguli of ESPN.com (Twitter links). Ganguli also reported that Keenum is indeed the roster casualty involved in the move.
12:35pm: Ryan Mallett may have earned a spot on the Patriots’ initial 53-man roster, but he didn’t stick around long. According to Ian Rapoport of NFL.com (via Twitter), New England has traded its backup quarterback to the Texans.
Mallett, who has been Tom Brady’s backup in New England for multiple seasons, has drawn trade interest during the past couple years, and became more expendable after the club drafted Jimmy Garoppolo this past May. The Pats weren’t looking to just give him away, but as Albert Breer of the NFL Network tweeted during the preseason, Mallett “might as well be wearing a For Sale sign around his neck” this summer.
The Texans had frequently been cited as the most likely destination for Mallett this offseason, given the presence of former Patriots quarterback coach Bill O’Brien in Houston. A report back in March suggested that the Texans had inquired on Mallett and had some interest in the former third-round pick, though at the time John McClain of the Houston Chronicle shot down the idea that Houston would acquire the Pats’ backup. Rumors resurfaced during draft week, but were again shot down shortly thereafter.
Houston is heading into the season with Ryan Fitzpatrick as its starter, and also drafted Tom Savage back in May. Case Keenum was the third signal-caller to earn a spot on the Texans’ initial 53-man roster, but his time in Houston seems to be nearing an end now that Mallett is in the mix.
Before sending him to the Texans, the Pats also discussed a Mallett trade with the Bills and Cowboys, per Jeff Howe of the Boston Herald (via Twitter).