The new regime in Oakland finally picked up a quarterback they actually want.

Matt Flynn is heading to the Oakland Raiders from the Seattle Seahawks in exchange for two draft picks, sources told's Albert Breer. Flynn will sign papers to finalize the deal on Monday morning. The picks are late-round selections in the 2014 and 2015 draft.'s Ian Rapoport and Breer reported Friday that trade compensation was finalized and a deal was close.

Fox Sports insider and NFL Network contributor Jay Glazer first reported the trade.

Breer also notes the Raiders are trying to finalize a deal with Arizona to send Carson Palmer to the Cardinals for a late-round pick. No matter where Palmer lands, his brief career with the Raiders is over.

GM Reggie McKenzie is familiar with Flynn from their days together in Oakland. More importantly, Flynn was scheduled to make less than half of what Palmer was set to earn in 2013. The Raiders reportedly were looking to re-do Flynn's deal, which had more than $11.5 million due to Flynn in the next two years. It's unclear if the Raiders did indeed restructure the contract.

Flynn has only two career starts under his belt, both in Green Bay. He was brought to Seattle last offseason as the presumptive favorite to start, but Russell Wilson beat him out in camp. Now Flynn will face more competition, this time from third-year-pro Terrelle Pryor. We give Flynn a better chance of winning this one.

The Raiders were never comfortable paying Palmer $13 million this season, even if they have to eat a lot of "dead money" on the cap to get it done. McKenzie has been all about erasing the errors of the previous regime. Hue Jackson traded a first-round pick and a second-round pick to get Palmer back in 2011.