The Cardinals and Oakland Raiders are putting the finishing touches on a trade to send quarterback Carson Palmer to Arizona, according to USA Today.
According to the report, the teams have discussed swapping late-round picks in this month’s draft, plus the Raiders would get an additional pick on Day 3.
Palmer would then sign a reworked contract with the Cardinals, reportedly for $8 million plus incentives.
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For that kind of money, it’s expected that Palmer would become the short-term solution as Arizona’s starting quarterback, replacing Kevin Kolb, who was released. Kolb was scheduled to receive a $2 million roster bonus and $7 million salary. Drew Stanton, who was signed in March, would presumably be Palmer’s backup, but the Cardinals could still be interested in drafting a quarterback.
The Raiders had been trying to get Palmer to rework his $13 million contract, but he preferred a fresh start.