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Palmer’s restructuring costs him no money

Oakland Raiders quarterback Carson Palmer throws a pass against the San Diego Chargers during their NFL football game in Oakland Reuters

On Thursday night, the Raiders announced that quarterback Carson Palmer had restructured his contract.  The team offered no further details.

We ran the numbers based on a maximum reduction of his base salary and conversion of the balance to a guaranteed payment.  That’s exactly what happened, according to Adam Schefter of ESPN.

Palmer’s $12.5 million base salary was dropped to the minimum of $825,000 (his 2011 holdout kept him from accruing a 10th year, which kept his minimum salary from moving to $925,000), and Palmer received the difference now, as a guaranteed roster bonus.  The amount then gets spread over the balance of the deal.

Bottom line?  The move didn’t impact Palmer’s bottom line.  He still is getting his money for 2012; he’s merely getting most of it now.

Here’s more on what restructurings really mean, from Friday’s PFT Live.

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20 Responses to “Palmer’s restructuring costs him no money”
  1. mestevo says: Mar 9, 2012 2:42 PM

    now they’ll be paying for that bonus over 5 years.

  2. thatobnoxiousguy says: Mar 9, 2012 2:57 PM

    Mike Brown is still laughing his a$$ off.

  3. mac3333 says: Mar 9, 2012 3:21 PM

    Thanks for Pick #17 & next year’s 2nd, washed up has been.

  4. boilerup1869 says: Mar 9, 2012 3:25 PM

    Those familiar with the principles of the time value of money can see that Palmer is actually getting an even better deal by getting all that extra cash up front instead of spreading it out over 17 regular-season weeks.

    Good work agent!

  5. chadinkc30 says: Mar 9, 2012 3:37 PM

    Say what u want, but Palmer is better than the ginger they have now in Cincy! Is that even debatable?!!

  6. ern215 says: Mar 9, 2012 3:49 PM

    ill take palmer over “annie”‘s twin brother anyday

  7. ern215 says: Mar 9, 2012 3:50 PM

    lol…………….raggedy ann and raggedy andy………….lol

  8. fatoldsun1 says: Mar 9, 2012 3:59 PM

    @chad

    You are right. Palmer has a better arm than Dalton. Dalton is tougher, smarter, more agile, and is a much better leader.

    And whatever you do. Don’t boo him.

  9. AlohaMrHand says: Mar 9, 2012 4:11 PM

    chadinkc30 says:
    Mar 9, 2012 3:37 PM
    Say what u want, but Palmer is better than the ginger they have now in Cincy! Is that even debatable?!!

     Um the ginger made the playoffs.

  10. rdrllldubk says: Mar 9, 2012 4:12 PM

    thatobnoxiousguy says:
    Mar 9, 2012 2:57 PM
    Mike Brown is still laughing his a$$ off.

    ——————————————

    And he is celebrating all his SB tropys and playoff wins too! Oh, wait…. the bungles dont have any!!! Cinci needs to slow down on the S talk. They were this seasons Tampa, played the weakest schedule and next year be lucky to win 6 games! I guess a one n done trip to the playoffs is like a SB for them.

  11. bengalguy says: Mar 9, 2012 4:25 PM

    Yee it is debateable chadinkc30!
    Dalton throw pick 6′s!!!!! END OF STORY!!

  12. JSpicoli says: Mar 9, 2012 4:35 PM

    So when are the Raiders going to start cutting everyone because they are 2000 gazzillion over the cap and have no hope chicken little?

    I mean I read it here every day, so it muuuust be true.

    SMH at the baseless innuendo here daily.

  13. hrdcorbengalsfan says: Mar 9, 2012 4:35 PM

    To all you Bengal haters…why do you even care besides flapping your gums?

  14. pacodawg says: Mar 9, 2012 5:05 PM

    Carson should give back the money he stole last year!

  15. radrntn says: Mar 9, 2012 5:06 PM

    it’s all good , funny though how the bengals fans talk smack, while raiders fans are happy….make me think of the chargers fans when they got rid of bree’s and when eli would not play there. All the chargers fans talked smack, and then told the world how rivers was the man, while in the interim brees, and eli have some bling on their fingers, and a couple of Super Bowl MVP trophies at their house.

    GO RAIDERS! GO CARSON!

  16. drbandkgb says: Mar 9, 2012 5:25 PM

    I can not wait to see Palmer get boo’s at PBS this year.. When the Raiders come to town and leave with a loss…

    Ill take a kid like #14 any day over some one that QUIT

  17. socalraider909 says: Mar 9, 2012 5:41 PM

    I can’t wait for the season to start if we can keep ford and Moore healthy we should be in the playoffs

  18. bucks12965 says: Mar 9, 2012 5:48 PM

    Palmer sucks. Even worse than that–he is a quitter.

    For the record, I don’t care about the Raiders or the Bengals. I’m a Skins fan. I know Grossman sucks too, but he’s a lot cheaper than Palmer.

  19. raiders757 says: Mar 9, 2012 6:49 PM

    thatobnoxiousguy says: Mar 9, 2012 2:57 PM

    Mike Brown is still laughing his a$$ off.

    ———————————–

    Yea, probably at all the Bengals fans that actually think the team will ever win anything. He keeps laughing as he sucks their wallets dry year in and year out with a mediocre franchise.

  20. joetoronto says: Mar 9, 2012 8:50 PM

    The Bungals, LMAO!

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