Last month, Cardinals GM Steve Keim told reporters that he has spoken to Palmer’s agent, David Dunn, regarding an extension.
“I won’t get into specific points of the negotiations but we’ve had some dialogue with Dave Dunn,” Keim said, via Kent Somers of the Arizona Republic. “He (Palmer) has done a great job for us.”
The Cardinals sent a 2013 sixth-round draft pick and for a conditional pick in the 2014 that became a seventh-round selection to the Raiders in return for the veteran quarterback.
Palmer, 34, is in the second year of his three-year, $26 million contract that included $10 million guaranteed and will make a base salary of $8 million for the 2014 season. However, the final year of his deal actually voids if he is on the Cardinals’ roster five days after this year’s Super Bowl, so he’s essentially in the final year of his contract.
During his first year with the Cardinals, Palmer threw for 4,274 yards while completing 63.3 percent of his passes to go along with 24 touchdowns and 22 interceptions.
This year, however, Palmer was hampered by nerve issue in his shoulder, but has still thrown for 1,385 yards while completing 61.7 percent of his passes to go along with 11 touchdowns and just two interceptions over the course of five games.
I’m sure we’ll be hearing more about Palmer and a contract extension in the coming months.