Posted March 25, 2013

Carson Palmer not likely to restructure contract with Raiders, report says

NFL
Carson Palmer is reportedly adverse to restructuring his contract. (Streeter Lecka/Getty Images)

Carson Palmer is reportedly adverse to restructuring his contract. (Streeter Lecka/Getty Images)

Quarterback Carson Palmer saved the Oakland Raiders more than $9 million in cap room by agreeing to restructure his contract last offseason. He is unlikely to do so again this offseason, ESPN.com’s Adam Schefter reported Monday.

Schefter reported that Palmer is “highly unlikely” to restructure a contract that currently calls for Palmer to make $13 million in base salary next season. If he does not agree to restructure, the Raiders will be forced to keep him at his current salary or release him.

The 33-year-old Palmer threw for more than 4,000 yards and 22 touchdowns to just 14 interceptions. But the Raiders finished only 4-12 with him at the helm, the second straight season the team missed out on a playoff appearance after trading their 2012 first-round pick and second-round pick in this year’s NFL Draft.

If the Raiders do release Palmer, 23-year-old Terrelle Pryor would be the favorite to earn the starting nod. In three games last season, he completed 14 of 30 passes, throwing for two touchdowns and one interception.

Last offseason, Palmer agreed to reduce his base salary to just $825,000 from $12.5 million. The Raiders made up most of the difference by giving him a five-year, $11.6 million signing bonus.

If the Raiders cut Palmer, he would still count for more than $9 million against the 2013 salary cap. But they would not be on the hook for his base salary this year or in 2014, when he is scheduled to earn approximately $15 million.


17 comments
LoriSandoval
LoriSandoval

Did Leinert get cut or is he so bad that Pryor gets the automatic nod over him for starter?

Rickapolis
Rickapolis

First off, you guys are right that a contract means NOTHING in the NFL. If the money isn't guaranteed the contract may as well be toilet paper. But as far as Palmer goes, he lost his way long ago. He is not an NFL caliber quarterback any longer. The Bengals played the Raiders to get what they did for him. He's made little difference. Cut him and be done.

olansuddeth
olansuddeth

Terrelle Pryor??? Bwahahahahahaa!  Just when it looked like the Raiders would at least stay ahead of the Jets and Cardinals of the world...

RobinPhillips
RobinPhillips

Everyone bitches and complains when a player wants to restructure their contracts cuz they think they are underpaid but when a team agrees to a contract why should they NOT be ridiculed when they demand a player restructure? Sounds like double standards to me..Hell, he restructured last year agreeing to what management wanted him to do so why go through it again. I agree with him not to do it, let them release him and then he has his pick of where he wants to go. Guarantee there will be teams talking to him.  CP threw for over 4K with NO receivers and a shotty line. The losing record is because the DEF sucked. Imagine what he would do on a team that did have quality WR's and could play a little D!!!  

SevonSimon
SevonSimon

Does anyone else think that the way the NFL handles contracts is kind of bogus? If a player has a crappy year, the team wants him to restructure his contract or he gets nothing. If a player has a good year and wants to restructure, they get pissed if he sits out.  I really think there is something wrong with these scenarios.

Mike26
Mike26

Palmer has been overrated for almost 5 years.   Sayonara!

Raymond Trohanowsky
Raymond Trohanowsky

Never understood why they took Palmer, there was a reason he was out of the league for a year. I also don't understand why people put such high value on "out-of-their-prime" veterans. I can understand if the veterans are the type to show the younger guys the ropes. When Randy Moss was playing for Raiders, I was hoping he would make the other receivers on the team better from practicing with him (NOT). People wanted to keep Brett Favre on the Packers when he was clearly pushing his limits instead of giving a young and upcoming Aaron Rodgers the team.

GoPSULions
GoPSULions

Palmer was #16 in rating, #10 in yds, #14 in comp %, #15 in TDs, #12 in ints.  So at best a middle tier QB at this point.  He will not be afforded many starting opportunities at this point.  His total yds is above a lot of other "good" QBs, but not sure TP is the answer either.  I thought they should have worked out a deal for Alex Smith.  If cut, his best chance to start is to wait for a starter to be injured during the pre-season.

DanaBunner
DanaBunner

Hard to understand why he would not restructure.  He isn't going to get that much from anyone else.  If they are offering around $9M-$10M in salary and bonuses, he should sign without hesitation. 

DERRICK1
DERRICK1

We need to head in a different direction if the Silver & Black are going to turn this thing around. Palmer wasn't worth a 1st and 2nd round pick to begin with. Cut him and hope Pryor isn't the second coming of Jamarcus Russell.

RobinPhillips
RobinPhillips

 @Rickapolis Lost his way? Raiders were #28 in rushing and 8th in passing and the DEF was ranked 20th . When your #1 RB is out for half the season and your top 3 WR's are named Heyward-Bey, Myers & Moore what more would you expect? He didnt have a Fitz, Johnson or AJ Green to throw to and with McFadden hurt and the running game not producing its a wonder that he was able to throw for 4K. Yes they definitely gave Cincy way too much but they were in desperate need for a #1 QB after Demarcus imploded... 

MichaelWallis1
MichaelWallis1

 @RobinPhillips, the problem is that Carson Palmer is going to be 34 years old. He will be at an age that most NFL teams would be weary of wanting to sign him to a big contract let alone pay him the money the Raiders had initially agreed to pay him. I don't see many NFL teams besides the Jets or the Cardinals who will likely look at him as a possible starting quarterback for their team.

keithb
keithb

 @SevonSimon I agree with you, but there's nothing we can do about sloppy negotiating during the collective bargaining agreements. 

supinger
supinger

 @DanaBunner I'm thinking he wants out of Oakland, that's why he won't restructure.  

Ty78
Ty78

@RobinPhillips @Rickapolis I don't care who your receivers are. Palmer seems more concerned with protection than seeing the field. He's the opposite of Kurt Warner in short. The only reason he put up okay numbers is because he can't convert third downs so Raiders were forced to air it out in the second half. He's probably no different than Ryan Fitzpatrick.

supinger
supinger

 @MichaelWallis1  @RobinPhillips Carson's a weird guy though.  I don't think he cares about the money.  I could see him just taking a backup job somewhere where he and his wife just want to live.  No way he would go to the NYJ, he couldn't handle that.