The Raiders and Jets have agreed to a swap of late-round picks as part of the trade, according to sources.
Osemele, 29, is scheduled to receive a base salary of $9.7 million in 2019 and $11.2 million in 2020.
Osemele was selected to the Pro Bowl in each of his first two seasons with the Raiders (2016 and ’17) after signing a five-year, $58.5 million contract with $25.4 million guaranteed as a free agent in 2016. He started 42 games in his three seasons in Oakland.