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Raiders | Carson Palmer saves team $9.34 million after restructure

Updating a previous report, the Oakland Raiders saved $9.34 million against the salary cap after QB Carson Palmer agreed to restructure his contract Thursday, March 8. Palmer had his base salary in 2012 reduced from $12.5 million to the nine-year veteran minimum of $825,000. Palmer's contract was also extended a pair of voidable years to 2015 and 2016 to distribute the remaining $11.675 million as a roster bonus and spread out the cap hit - $2.335 million in proration each year - over five years. Palmer's new salary cap number is now $3.16 million in 2012.

2012-03-09 20:25:16 | Source: - Paul Gutierrez

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