Carson Palmer traded to Arizona Cardinals in exchange for picks
The Arizona Cardinals and Oakland Raiders agreed on a deal that will send fantasy quarterback Carson Palmer to the Cards, in a trade that included swapping 2013 NFL draft picks and a 2014 NFL draft pick. The announcement of the deal was made on Tuesday.
Palmer, who is 33 years of age, also signed a new contract with Arizona. The terms of the deal were not made public, however it is believed to be a two year deal worth approximately $16 million, according to sources. The contract is also believed to give the Cardinals an out after the first year if they deem the situation unsatisfactory. Palmer was scheduled to earn $13 million this upcoming NFL season.
Included in the trade, Arizona sent one of their sixth round draft picks (176th overall) to Oakland, and the Cardinals received the Raiders’ seventh round draft pick (219th overall) in return. Also, the Oakland Raiders will get a conditional seventh round draft pick in 2014 if Carson Palmer starts at least 13 games for the Cardinals in 2013, according to sources.