Cardinals Sign Carson Palmer & Larry Fitzgerald To One-Year Extensions

ESPN’s Adam Schefter reports that the Cardinals have signed QB Carson Palmer and WR Larry Fitzgerald to one-year extensions.

• Ian Rapoport reports that Palmer receives a one-year extension worth $24.35 million. This means that the next two years of his contract are now fully guaranteed.
• Palmer’s deal also includes a $6.75 million signing bonus, according to Rapoport.
• According to Jason La Canfora, Palmer also has a $1.5 million roster bonus in 2018, but he has no guaranteed money that year.
• Canfora adds that his $15.5 million salary in 2017 is now guaranteed for injury.
• In regards to Fitzgerald, Rapoport reports that his one-year extension is worth $11 million, which is the same the same base salary he’ll make in 2016. This figure is guaranteed for injury.

This means Palmer’s contract is extended through 2018 and Fitzgerald is under team control thought the 2017 season.

There was actually some question about Palmer and Fitzgerald’s future, given where they are in their careers. However, Arizona has done a great job of rewarding their valuable players in recent years.

Fitzgerald, 32, agreed to renegotiated his seven-year $113 million contract and signed a two-year, $22 million deal with Arizona that was fully guaranteed included a no-trade clause last year. He stands to make a base salary of $11 million in 2016, but his contract included voidable years in 2017 and 2018.

In 2015, Fitzgerald appeared in all 16 games for the Cardinals and totaled 109 receptions for 1,215 yards receiving and nine touchdowns.

Palmer, 36, was in the third year of his four-year, $58.5 million contract that includes $14.235 million guaranteed. He was set to make base salaries of $6.35 million (2016), $8.15 million (2017) and $16.5 million (2018) over the remainder of the contract.

In 2015, Palmer appeared in all 16 games for the Cardinals and completed 63.6 percent of his passes for 4,671 yards to go along with 35 touchdowns and 11 interceptions.