Skip to content

Carson Palmer took big pay cut this year to join Raiders

Carson Palmer AP

Carson Palmer wasn’t going to fit into the Raiders salary cap structure this year under his old salary.

We knew that his contract would have to be re-worked in some manner, and ESPN’s Adam Schefter reports that Palmer took a “flat $5 million pay cut” for 2011 to make it happen.

Schefter says Palmer will get $1 million added to his salary in 2012.  $5 million of his $12.5 million salary next year is now guaranteed. We wonder if Palmer has a chance to make “back” more money in future years.  If not, it shows how desperate he was to get out of Cincinnati now.

After all, taking a $5 million pay cut is still a lot better than making nothing the rest of the year.

UPDATE: Schefter reports Palmer will make $2.5 million the rest of the season.  That’s a nice bargain financially in the short term for the Raiders. He was set to make $7.4 million on is prorated contract the rest of the season.

Palmer is due $40.5 million from 2012-2014.

Permalink 70 Comments Feed for comments Latest Stories in: Oakland Raiders, Rumor Mill, Top Stories
70 Responses to “Carson Palmer took big pay cut this year to join Raiders”
  1. bucks12965 says: Oct 20, 2011 7:10 PM

    Still way too much $ for a mediocre quitter with poor leadership skills.

  2. touchdownroddywhite says: Oct 20, 2011 7:10 PM

    From what I understand he’s not terribly concerned with the money. Something tells me he’s going to be just what the Raiders needed to take the next step.

    I don’t care what anybody says. Palmer has more talent in the pinky finger of his throwing hand than Jason Campbell can ever develop.

  3. acerockefellar says: Oct 20, 2011 7:12 PM

    I think its because everybody in the world knew he wasnt worth 14 million a year…

  4. fartography says: Oct 20, 2011 7:15 PM

    Wait a minute. He’s already missed 6 games. So is he getting the full salary he would have made from week 1 minus 5 million? Or is he getting a prorated amount of that?

  5. natelan69 says: Oct 20, 2011 7:15 PM

    Forget the pay cut… He took a dignity cut to play for the Raiders.

  6. jeepin08 says: Oct 20, 2011 7:16 PM

    You mean for ten games. Not 2011. The average Joe is supposed to feel sorry for Palmer.
    Naahhhhhh. Hope he earns his pay by getting hit. Alot.

  7. fartography says: Oct 20, 2011 7:20 PM

    Never mind – update clears it up – thanks.

  8. freedomispopular says: Oct 20, 2011 7:20 PM

    He made it clear very early that money was not an issue go him, so I don’t know why this surprises you.

  9. getweird4u says: Oct 20, 2011 7:25 PM

    Oh i cant wait!Raidernation will be so disappointed should be fun

  10. vahawker says: Oct 20, 2011 7:27 PM

    If he never filed retirement papers, does he owe the Bengals his daily fines for time missed? You know Brown will go after him if he can.

  11. dino2997 says: Oct 20, 2011 7:27 PM

    Bengal’s jokes aside this guy was not a good teammate by holding out for no apparent reason other then the team wasn’t good enough for him. Players can respect a man for holding out for the business side of things but obviously not this.

  12. buffaloblue85 says: Oct 20, 2011 7:30 PM

    Even if Campbell didn’t get hurt and the Raiders acquired Palmer, we would still be the best passer on the team. The Raiders got a good deal.

  13. orthodoxdj says: Oct 20, 2011 7:31 PM

    Forget the pay cut… He took a dignity cut to play for the Raiders.
    ————————-

    I’m taking a dignity cut by responding to you.

    The Raiders were a good QB away from being an EXCELLENT team. If becoming that QB undercuts one’s dignity, then dignity isn’t worth having. Oakland is in CA where Carson lives and where he played college ball. If he succeeds in this endeavor, he’ll sell a ton of jerseys and will have resurrected his career. He might even win a SB.

    Keep your so-called “dignity.”

  14. bengals3285 says: Oct 20, 2011 7:32 PM

    All you Carson Palmer hatred don’t get it. He isn’t in it for the money, he needed a change of scenery. He is glad to be where he is and doesn’t mind a pay cut. Carson has the best attitude in the league. He is a great guy and deserved a shot with another team and I’m pretty sure he is happy he finally is getting that chance. I wish him the best of luck in the future with the raiders and I think he is going to be a great fit. He is an awesome quarterback and an even better leader

  15. gb4mn0 says: Oct 20, 2011 7:35 PM

    Palmer better get ready to land in MN if he stinks it up in Oakland. Nowadays that’s where all the elderly QBs end up as the lavender larries continue on with there crazed endeavor to house a Lombardi.

  16. dafixisin says: Oct 20, 2011 7:42 PM

    Color me superstitious, but wearing that #3 in that pic is giving me Jeff George flashbacks.

    Just saying.

  17. nahcouldntbethat says: Oct 20, 2011 7:48 PM

    The Raiders won two Super Bowls with a reclamation project in Jim Plunkett. Anybody who thinks they can’t win one with Carson Palmer is mistaken.

    They probably won’t but they certainly weren’t winning one with Kyle Boller.

    You can argue the value in the deal but just about any GM with his first good team in a decade would have made that deal once Campbell went down.

    It may not work out but not going for it would have been an error.

  18. blahblahblah333 says: Oct 20, 2011 7:49 PM

    I kinda feel bad for the guy. 2.5 mill for ten or so games. I sure hope he can scrape by and be able to feed his family.

  19. thegonz13 says: Oct 20, 2011 7:54 PM

    If he quit on the Bungles, how long before he quits on the Raiders?

    On the upside, Al Davis won’t be there to blast him during a long insufferable self-serving diatribe like he did for Lane Kiffin!

  20. 2sloweggroll says: Oct 20, 2011 7:56 PM

    What does this have to do with Ryan Liefs Brain Tumor

  21. bunchesofone says: Oct 20, 2011 7:57 PM

    CP3 will be a great fit in this post AD offense.Hope they meet the Bungles in the post-season so Carson can go Cutler on Mike Brown.

  22. darthvincent says: Oct 20, 2011 7:59 PM

    bucks12965 says: Still way too much $ for a mediocre quitter with poor leadership skills.

    I missed something… when did this become a Jay Cutler thread

  23. natelan69 says: Oct 20, 2011 8:04 PM

    Al Davis is turning in his grave… I mean, can you imagine what Carson’s 40 yard dash time is at 32 years old and with a Budweiser belly?

    The Crypt Keeper would never stand for this!

  24. mmmpieyummy says: Oct 20, 2011 8:05 PM

    Keep on hating, haters…we don’t care. Nobody knows what will happen until he gets on the field.

    And if he has any semblance of the Carson of old, then you will all be crying later…asking yourself why your team didn’t trade for him.

    So why don’t you all just shut up and see how it plays out…then you can spout off and beat your chest and tell everyone what a mistake it was if it doesn’t work.

    But if it does work out and he leads the Raiders to the playoffs, then we will see who’s laughing.

  25. bwisnasky says: Oct 20, 2011 8:20 PM

    dafixisin says:
    Oct 20, 2011 7:42 PM
    Color me superstitious, but wearing that #3 in that pic is giving me Jeff George flashbacks.

    Just saying.

    ———————————————

    Really? Cause I have Daryl Lamonica flashbacks myself….

  26. nesuperfan says: Oct 20, 2011 8:21 PM

    Remind me…just how is that a pay cut? Wasn’t he earning NOTHING by sitting out?

  27. edgarprado says: Oct 20, 2011 8:23 PM

    I’m willing to put my outstanding reputation on the line and say that the Raiders don’t make the playoffs.

  28. ronlm says: Oct 20, 2011 8:23 PM

    Very well said @nahcouldntbethat. Great points about the GM.

  29. udwnwitjpp says: Oct 20, 2011 8:39 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

  30. chazatlas says: Oct 20, 2011 8:55 PM

    I don’t wish ill will on anyone but I predict Carson Palmer won’t last the rest of the season and won’t see game play beyond 12/11.

  31. beelicker says: Oct 20, 2011 9:07 PM

    @bengals3285

    >>> He isn’t in it for the money, he needed a change of scenery <<<

    Actually, I'm pretty sure the wife is the one who DEMANDED the "change of scenery".

    Seems like that left Palmer with the option of either changing the team or changing the wife.

  32. kevraiders says: Oct 20, 2011 9:11 PM

    I love how most of the tool sheds who post on here pretend to kno anything outside of their own opinion …regurgitating what you heard on nfln last night makes u seem so smart .. nobody, and I mean nobody knows how well Carson will play, not even anyone inside the Oakland organization …its one thing to post an educated guess or even a bias opinion but to spew forth the garbage I read here Is ridiculous …

  33. failcopter says: Oct 20, 2011 9:21 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

    Errrrr……
    I assume you’re saying Carson should have done better with T.O. and Ocho?

    T.O. ran his own routes in Cincy last year. About 13% of passes CArson threw to him were picked, as opposed to around 3% for the rest of him. He personally accounted for at least 7 of the 20 int’s Palmer had.

    Food for thought.

  34. failcopter says: Oct 20, 2011 9:27 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

    And apparently Denarius Moore, DHB and Jacoby Ford are nobody.

  35. samoanjungle says: Oct 20, 2011 9:53 PM

    It does say a lot about the guy. He had the option of walking into the Bengals locker room this week and making 5 mil more sitting on the bench.
    He would rather play and get 2.5 mil instead so he isn’t in it just for the money. He essentially paid 5 mil to play for the Raiders.

  36. gd1977 says: Oct 20, 2011 9:55 PM

    udwnwitjpp says:
    Oct 20, 2011 8:39 PM
    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb
    __________________________________

    Holy Crap! This post is awesome!!! Bravo! Bravo! I stand in awe of you sir!!!!

  37. ravensos says: Oct 20, 2011 10:00 PM

    udwnwitjpp says: Oct 20, 2011 8:39 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb
    ===============================

    Mr. Madison, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

  38. sgtpeppers05 says: Oct 20, 2011 10:06 PM

    Kurt Warner part 2 – The poor man’s version

  39. autumnwind999 says: Oct 20, 2011 10:29 PM

    udwnwitjpp says:Oct 20, 2011 8:39 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

    —————————

    Keep talking yourself into believing that.

  40. jeremyb91 says: Oct 20, 2011 10:33 PM

    I watched reporters talk to Palmer about possibly starting on Sunday and there was an obvious difference between listening to Palmer and Campbell. Palmer seems to be more of a football junkie and a future coach type of player. He seems like a rah, rah, motivator who can get the team going, something lacking since Rich Gannon, who by the way was 33 when he got to Oakland.

    His arm strength is back according to players who are watching him make throws Jason Campbell only dreamed of. Now he’s going to be throwing 60 yard bombs to DHB, Denarius Moore, and Jacoby Ford with accuracy, another area where Campbell struggled. Those 3 wide receivers will outrun any cornerback they face in the NFL. Talk about scary for a defense which really become afraid of the play-action pass.

    He has a slew of weapons, a great running attack, and an offensive line which appears to be only getting better each game and a good defense backing him up.

  41. klunge says: Oct 20, 2011 10:52 PM

    Can you put a price on your sanity?

  42. hrdcorbengalsfan says: Oct 20, 2011 10:55 PM

    @bengals3285

    What team were you watching all these years? The real Palmer was in orange and black stripes. Leaders NEVER quit!

  43. jeremyb91 says: Oct 20, 2011 11:06 PM

    Palmer’s last 3 games of the season’s stats from 2010 team for which they won two of their last 3 games after a 10 game losing streak:

    62 completions out of 89 attempts which equaled 69% completion rate. 5 TD’s, 2 INT’s, for 783 yards (one game against SD which was a win, he completed 4 TD’s and completed 16 of 21 passes or 76%).

    If Palmer can play anywhere near that level Oakland is going to the playoffs and the Raiders will strike gold despite the bounty paid.

  44. rcali says: Oct 20, 2011 11:06 PM

    Palmer was solid before the injuries and before he quit on the Bengals and city of Cincy.

  45. thetooloftools says: Oct 20, 2011 11:19 PM

    Only how he plays will determine if this deal was worth anything.

  46. lostsok says: Oct 20, 2011 11:28 PM

    I’d pay five million to get out of Cincinnati, too. City, team, whatever.

  47. lostsok says: Oct 20, 2011 11:34 PM

    udwnwitjpp says: Oct 20, 2011 8:39 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

    ———————————–

    This is what happens when English is your THIRD language.

  48. commentcentral says: Oct 20, 2011 11:35 PM

    aludwnwitjpp says:
    Oct 20, 2011 8:39 PM
    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb

    —————————————————–
    The Translation: through google translate english to spanish and then back to english. I think this helps some.

    Palmer was stinking and Eight, but the wit 20 integers if behind Peyton and Eli point is that there were two assailants top ten wrs n da I have anyone like that, how can you expect from eggs gives Oakland Raiders paid by wrs qb dis

  49. scoob766 says: Oct 20, 2011 11:54 PM

    No one knows if this deal is worth it or not, we will find out in the near future. Off the bat looks horrible, but if they make it to the SB and only if they make it to the SB is it worth it. I have a better chance taking over Apple.

  50. lukedogg087 says: Oct 20, 2011 11:58 PM

    udwnwitjpp says:
    Oct 20, 2011 8:39 PM
    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb
    __________________________________

    Who are these 2 top ten receivers you are talking about? Chad Ochocinco who has 9 receptions in 6 games with Tom Brady throwing him the ball or the unemployed Terrell Owens. Darrius Heyward Bey has twice as many catches and three times the yards of those two combined this year with Jason Campbell and Kyle Boller throwing him the ball

  51. stopthehate15bowdown says: Oct 21, 2011 12:05 AM

    Hugh Jackson = The Next Josh McDaniels!
    When you give a young inexperienced coordinator control and start letting him make personnel decisions you get desperate moves like this one. As a Broncos fan it will be fun to watch it happen to another team.

  52. scudbot says: Oct 21, 2011 12:27 AM

    “He took a dignity cut to play for the Raiders.”

    Dude! He was with the *Bengals*.

    Raiders won Super Bowl XVIII, Super Bowl XI, Super Bowl XV.

    They’re different and they’ve had some tough times lately, but have some respect. Even if you hate them.

  53. nannymcsack says: Oct 21, 2011 1:18 AM

    $80mil in the bank sonnn i’ll play for free doritos. long live the ginger giant

  54. 707Raiders707 says: Oct 21, 2011 1:34 AM

    as long as he never see’s the majority of the remainder of his 40.5 mil i’m cool.. we need to learn to manage the cap

  55. ampatsisahypocrite says: Oct 21, 2011 2:37 AM

    No word on whether or not they cut back on the paramedics crew standing by each game, ready to administer the Heimlich Maneuver for Mr. Palmer.

  56. saintsfire says: Oct 21, 2011 3:51 AM

    Palmer was world class until his leg got rolled up on in the playoffs a few years back.

  57. anhdazman says: Oct 21, 2011 4:24 AM

    udwnwitjpp says:
    Oct 20, 2011 8:39 PM
    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb.

    udwnwitjpp, you’re going to need to study your facts a lot better before you start preaching. Listen and Learn!

    Here’s an interesting stats regarding TO and 85 with Palmer in Cincy last year.
    Palmer had 362 completions on 586 attempts last year. 61.2% completion rate
    Out of that he was 139/266 to TO and Ochocinco combined. 52.26%
    With the rest of the team, he was 223/320. 69.70%
    This is in line with what the Bengals fans said that TO and 85 were the problem. This is not definitive by any means; could just be that the other teams covered TO and 85 better than the other receivers. But throw in the fact that Palmer had the best game of his career last year when TO and 85 weren’t playing. This Raiders offense is taylor made for a QB like Palmer. We will soon see how it all unfolds.

  58. anhdazman says: Oct 21, 2011 4:29 AM

    I believe Tampa Bay fans also called Bo Jackson a quiter at one time.

  59. joetoronto says: Oct 21, 2011 6:06 AM

    Maybe he got tired of seeing all his teammates getting arrested, did any of you mofo’s ever think of that?

  60. nflofficeadmin says: Oct 21, 2011 7:36 AM

    udwnwitjpp says:
    Oct 20, 2011 8:39 PM
    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb
    ————————————–
    Everyone please stop ganging up on this man. He is an illegal alien and he has rights!! He has rights, G-D it!!

  61. bangitfootball says: Oct 21, 2011 7:57 AM

    2 1/2 million and two first rounders for a QB with happy feet who throws half his passes out of bounds.

  62. Raider-in-PA says: Oct 21, 2011 8:39 AM

    udwnwitjpp says:Oct 20, 2011 8:39 PM

    Palmer had t.o and ocho but stunk it up wit 20 ints yes behind peyton and eli point is he had two top ten wrs n da raiders got nobody so how much can expect from da raiders wrs oakland ova paid for dis average qb
    _________________

    Hooked on phonics, anyone?

    I’d take any of the Raiders WRs over Ocho-Stinko and B.O. anyday (even Heyward-Bay)… You need to watch some Raider football pal… An english class wouldnt be a bad idea either…

  63. theytukrjobs says: Oct 21, 2011 8:48 AM

    At first glance, this looked like a terrible trade by Oakland. But if Palmer is truly healthy and back then the guy can be a stud at times. In Oakland they have a strong running game and simple offensive strategy and he might do just fine.

  64. aljack88 says: Oct 21, 2011 9:03 AM

    nahcouldntbethat says:
    Oct 20, 2011 7:48 PM
    The Raiders won two Super Bowls with a reclamation project in Jim Plunkett.

    One of the toughest and most courageous QBs I’ve ever seen play. Even as Pats’ fan, I was rooting for this guy.

  65. jakethegrift says: Oct 21, 2011 9:31 AM

    It is a huge pay cut. A player willing to take a lot less to play in another organization, means there is a possible red flag. He did not hesitate in taking this deal. He knows what comes with it, and knows there are expectations for him to perform. Help this team win and get into the playoffs.

  66. daytonsfinest says: Oct 21, 2011 10:06 AM

    Wait. Weren’t the Raiders in the worst salary cap situation? Doesn’t anyone else think that MAYBE he took this cut as a screen just until next year when they free up for space and sign him to a bigger contract?

  67. bigjdve says: Oct 21, 2011 10:11 AM

    He was just tired of all of the crap that was happening on the Bungles. He wanted to either play somewhere else or not play. He wasn’t really concerned which.

    It was the ego of an owner that didn’t like admitting that he wasn’t doing his job right, that caused this problem.

    Carson took the pay cut so that Mike Brown could try to say that he won the day.

    Carson even after the injuries was still a good QB. For those of you that were complaining about him throwing the ball out of bounds, try having Rex Grossman who likes to throw the ball to the other team.

  68. broncobillie says: Oct 21, 2011 10:58 AM

    Here’s a man that (a) loves playing football (b) but not for the Bengals and (c) has enough money that he can do this for the love of the game and not the bucks. Actions speak louder than words…

  69. radrntn says: Oct 21, 2011 11:24 AM

    there is no i in team.

  70. kevraiders says: Oct 21, 2011 10:07 PM

    Lol …ocho stinking and b.o.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!