Mark Dalton, the Cardinals VP of media relations officially announced that they’ve signed QB Carson Palmer to a three-year extension.
— MarkDalton (@CardsMarkD) November 7, 2014
- Jason La Canfora of CBS Sports reports that Palmer will receive a three-year deal worth over $50 million in total.
- Chris Mortensen reports that Palmer will receive $20.5 million guarantees, but this sum will be paid out by the end of 2015.
- Mortensen adds that there will be no guarantees in either 2016 or 2017.
- As for base salaries, Mortensen mentions that Palmer will receive something in the range of $15.9 – $16.6 million.
Palmer, 34, is technically 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 current deal would have voided if he is on the Cardinals’ roster five days after this year’s Super Bowl, so he was 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