Palmer was due a roster bonus of $9.5 million, and it was converted into a signing bonus. What it means is that the bonus money can be prorated over the life of his current contract, dropping his salary cap number $7.1 million (and clearing that space for the Cardinals.) That’s a big help in trying to maneuver through free agency. His cap number for 2015 dropped from more than $14 million to $7.4 million.
(This is the classic NFL restructure as opposed to any pay cut; it impacts Palmer zero. He gets all the money he was going to get anyway. It’s just the way the Cardinals account for it with their cap.)
Of course, that also means the rest of that prorated bonus balloons his future cap numbers. Palmer now has a cap number of $19 million in 2016 and $22.7 million in 2017 (including some heavy dead money if for some reason he isn’t playing.) That will be something GM Steve Keim will have to deal with at some point, you would think. In the short term, however, the Cardinals have more flexibility right now, especially after the release of center Lyle Sendlein created another $3 million of cap space. No way to know how much room they currently have, but the Palmer/Sendlein moves alone freed up around $10 million for Keim to continue to reshuffle his roster.
Tags: Carson Palmer, Lyle Sendlein, salary cap
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