Oakland dumps Palmer for pennies on dollar

Less than eighteen months after having traded a 2012 first-rounder and 2013 second-rounder to Cincinnati to acquire him, the Raiders have dealt QB Carson Palmer to Arizona in exchange for a 2013 sixth-rounder and conditional 2014 seventh-rounder.

Oakland will receive the 2014 pick if Palmer starts 13 games this season for the Cardinals, who have agreed with the former first-overall pick on a restructured two-year deal. Reports on how much Palmer will be paid are already conflicting, as Adam Schefter says he's due $16M over two years, while Ian Rapoport says Palmer will get $10M in guarantees and as much as $20M in total.

According to Spotrac, Palmer will get the lower $16M figure, with the remaining $4M available in the form of incentives.

On Monday, Oakland had traded a 2014 fifth-rounder and conditional 2015 pick to Seattle in exchange for QB Matt Flynn, while Arizona had cut QB John Skelton in anticipation of the Palmer trade.

Getting rid of Palmer saves the Raiders the $13M in salary he had been due, but he'll cost them $9.34M in dead money on their 2013 cap.

Doug is IAOFM’s resident newsman and spelling czar. Follow him on Twitter @IAOFM