Yesterday, Adam Schefter caused a stir with Raiders fans by tweeting that it was “highly unlikely” that QB Carson Palmer would be willing to restructure his contract.
This likely means that the Raiders had asked Palmer, through his agent, to take a paycut for 2013, something that most players are adverse to doing.
There was much discussion about what this meant for the team and what their options were.
Last year the Raiders were faced with a decision with Palmer – cut the QB for whom they had traded away a 1st and 2nd round pick (at least) or pay him his $12.5M salary for 2012. The cap situation, as you probably recall, was even more dire for the Raiders in 2012 than it is this year.
GM Reggie McKenzie chose to retain Palmers services and came to an agreement with Palmer to restructure his salary. Instead of being paid a $12.5M base salary, all of which would have been on the books for 2012, Palmer agreed to drop his base salary to his veteran minimum of $825,000 with the remaining $11,675,000 converted to a signing bonus.no comments