Palmer took $4.7 million paycut to leave

October, 20, 2011
10/20/11
6:38
PM ET
Everyone knows how much the Oakland Raiders wanted Carson Palmer when they gave potentially two first-round picks for the quarterback.

But this is how badly Palmer wanted out of Cincinnati -- he took a paycut of about $4.7 million this year to join the Raiders, according to ESPN's Adam Schefter.

Palmer was scheduled to make $7.2 million for the balance of this season, but the Raiders only had about $6 million left in cap space. So, Palmer restructured his contract, which left him with a $2.5 million salary this year.

Remember back in March, Palmer said he had $80 million in the bank and didn't need to play football. So, obviously, money wasn't an issue for him.

The Bengals are only paying new starting quarterback Andy Dalton $5.2 million over the next four seasons.

Jamison Hensley

ESPN Ravens reporter

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