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