The Raiders are handing Russell $3 million in a contract settlement, the final resolution to a dispute that started when Oakland released him after three disappointing seasons, during which he struggled to maintain playing weight.
Russell was signed in 2007 as the team's No. 1 overall draft pick. He had been paid $36.4 million and was owed $3 million when Oakland waived him in May 2010.
The team's action set off a three-year contract dispute, in which Oakland filed a grievance contending the contract had been changed and Russell owed the team $9.55 million in salary advances returned. Russell countered with a grievance stating he was owed $9 million from the team.
Russell lost his starting job as quarterback in 2009, leaving with a record of 7-18 as a starter. He has reportedly lost 50 pounds from his heaviest, at one point weighing 300 pounds, and is trying to mount a comeback to the sport.