The Cardinals didn’t have to pay much in trade compensation to acquire quarterback Carson Palmer. The new contract he agreed to doesn’t exactly hurt the Cards either.
Both Brian McIntyre and Aaron Wilson broke out the details of Palmer’s new Cards’ deal, the most important detail being that Palmer’s salary cap number is only $4 million in 2013, lower than originally expected but one that fits into Wednesday night’s news of the Cards having about $8.2 million in cap space remaining even after the Palmer trade. (Since the top 51 offseason rules apply to the cap, I’d guess the signings of Curtis Taylor and Bryan McCann didn’t impact the cap at all.)
Turns out Palmer’s two-year deal is technically a three-year contract, helping the cap distribution. It might as well be a two-year deal though, because the third year voids automatically if Palmer is still on the team five days after the Super Bowl next year and if the team wants to cut him, the third year wouldn’t matter anyway. The magic of contract structures.
Anyway, Palmer’s salary of $2 million is guaranteed this season, and he got a $6 million signing bonus. He has an $8 million salary in 2014, with $2 million guaranteed fully, and a cap number of $10 million in 2014.
And here’s a picture of Palmer and Daryl Washington from this morning’s sprints.
Tags: Bryan McCann, Carson Palmer, Curtis Taylor, Daryl Washington
Posted in Blog | 32 Comments »