After potentially hitting a snag late in negotiations, the Carson Palmer trade to the Cardinals is complete. Palmer has been dealt by the Raiders to Arizona for a conditional seventh-round pick, CBSSports.com's Michael Freeman confirms.
That's a mere pittance for a starting NFL quarterback who threw for 4,000 yards just last year. But it's also an indication of where the Raiders stood with their quarterback situation.
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Oakland just recently traded for Seahawks backup Matt Flynn and owed Palmer a big old chunk of change ($13 million for 2013). Palmer will get a new contract in Arizona that CBS Sports NFL Insider Jason La Canfora reports is worth as much as $20 million over two years. The deal is worth $16 million over two years without incentives and has $10 million guaranteed.
In other words, Palmer took a paycut but not a huge one and is the real winner in this deal.
For the Cardinals, it's a steal. If Palmer starts 13 games for them in 2013, they'll have to give up a seventh-round pick to the Raiders. Which means Palmer is basically free for Arizona.
Oakland had no real choice. And over the long haul -- financially speaking towards their rebuild -- they're better off going with Flynn than they are Palmer.
The Palmer era in Oakland can't be classified as anything other than an unmitigated disaster. The Raiders gave up a first- and second-round pick for Palmer after Jason Campbell went down for the year in 2011. They would finish 8-8 but miss the playoffs. And though Palmer put up big numbers in 2012, Oakland was a trainwreck and much of his stats came in garbage time.
He'll get the latest fresh start of his career in Arizona and could end up being a good fit for Bruce Arians offense. At the very least, Larry Fitzgerald should be the happiest guy in Arizona right now.