The Raiders have officially parted ways with quarterback Carson Palmer, whose trade to the Cardinals was finalized on Tuesday.
The Raiders, who brought in Matt Flynn from the Seahawks on Monday to be their new, cheaper Carson Palmer, reportedly receive a sixth-round choice in this month’s draft along with a conditional seventh-round selection in 2014. That pick is conditional on Palmer starting 13 games this season in Arizona. In addition to Palmer, the Cardinals also receive a seventh-rounder in this year’s draft.
The trade was hinging on whether Palmer, set to make $13 million this season, and the Cards could work out a restructured contract. He’ll make $16 million over the next two seasons in Arizona, according to Adam Schefter.
That Palmer was reportedly unwilling to agree to a restructured deal with the Raiders, but later took one with the Cardinals, suggests he wasn’t keen on playing in Oakland any longer.
Palmer still has $9.3 million in dead money that will count against Raiders’ cap this season. That, paired with Flynn’s $6.25 million contract in 2013, means they aren’t carving out much cap space. But with Palmer’s obscene contract off the books, the real savings begin next season. This would have been the case regardless, as the Raiders were inevitably going to release Palmer, but at least now they also get draft considerations. And plus, they swap out a guy who apparently didn’t want to be on the team with one who does.