Among the many reasons why it was considered such a risk for the Raiders to pursue Carson Palmer was the obscene amount of cash he’s owed. Before Palmer’s self-imposed football exile he had inked a lucrative deal with the Bengals that was going to pay him franchise QB money. Now that he’s a Raider it’s on Mark Davis to pay Palmer.
As it stood Palmer was slated to pocket $11-million had he made his way to Cincinnati for the season. Being that he opted to do nothing instead of collect 8 figures worth of dead presidents (let that sink in for a second) the Raiders were on the hook for a cool $7-million of Carson’s pay. Notice I said they were…as in past tense.
Apparently so pleased to be out of Cincinnati and back in his native land of California, Palmer has taken a large reduction in salary. According to ESPN, Palmer will only pocket around $2-million this season. That would be a $5-million hair cut if you’re keeping score.
Oakland was already in danger of being beyond the salary threshold as they were last reported to be $6-million under the cap. Thanks to Palmer’s gesture the team now has spare cash just in case of another mid-season emergency.
So you can cross one of the Palmer gambles off your list of worries. Now all we’ve got worry about is his play…no big deal there…right? Time will tell.
Speaking of time, in the future Palmer is still slated to collect a lot more cash so this act of charity comes at a cost. The Raiders had to guarantee $5-million of the $12-million Palmer is owed for next season. That pretty much assures the chances of Jason Campbell coming back are about as good as the chances of Brett Favre coming to the Silver and Black.