Now, there's no reason to leave.
The Cincinnati Bengals reworked and extended Palmer's contract
on Thursday, giving themselves more salary cap flexibility and a
chance to keep their franchise quarterback through 2014.
They added six years to a deal that still had three to go,
providing Palmer with a chance to make $118.75 million in salary
and bonuses over the next nine years. He very well could spend the
rest of his career in stripes.
"Hopefully this is the last place I'll end up playing," Palmer
said. "That's so rare in this league these days. It's so rare to
see a person have a 5-, 8-, 10-, 12-year career in one place. And I
feel very fortunate that it looks like that's going to be my
The Bengals spent millions of dollars and the better part of a
dozen years trying to find the quarterback who would lead them out
of one of the longest slumps in NFL history, no winning record
The Heisman Trophy winner and No. 1 draft pick turned out to be
"Carson does not change," coach Marvin Lewis said. "That's
been the best part of Carson Palmer, from the first time I met him
through all of the time spent with him prior to the draft.
"The way he handled himself through everything has been just
great. That helps us with the rest of our football team, how they
The Bengals approached Palmer's agent, David Dunn, about an
extension a few months ago. The reworked deal gives the team more
salary cap room -- bonuses are prorated over the life of the
contract for accounting purposes -- and a chance to keep more
"It's a very wise move for a team to wrap up the players that
they have identified as critical to the franchise's success," Dunn
said. "Once you wrap them up, it's far easier to plan."
The Bengals were the only team in the NFL to return its offense
intact this season. Receiver T.J. Houshmandzadeh and running back
Rudi Johnson got offseason extensions, and receiver Chad Johnson
got a five-year extension near the end of the 2003 season.
Several offensive linemen have contracts expiring in the next
two years. Palmer hopes the club uses the financial flexibility
from his restructured deal to keep them around.
"That was my main concern, something that could help us out in
the future," Palmer said. "Hopefully we can keep those guys
around. Hopefully some of those guys up front want to stick around
for a while.
"We know what we've got and we can build around this core group
Under the reworked deal, Palmer will get a $15 million bonus --
paid on Feb. 16 -- and a base salary of $6.75 million next season.
The Bengals owe him a $9 million option by Jan. 1, 2007; they'll have the option of letting the rest of the deal take effect or
nullifying it at that time, but have to pay the same amount either
His base salaries will increase during the deal, topping out at
$14 million in 2014. He'll also get $1 million roster bonuses for
each of his last three seasons, bringing the total amount of the
reworked, nine-year deal to $118.75 million.
Players weren't available for interviews after the extension was
announced. Earlier in the week, Chad Johnson supported the local
chapter of the Pro Football Writers of America in honoring Palmer
as the team's most valuable player.
"He makes the offense go," Johnson said. "Everything starts
with him. He's deserving of it. It's early in his career and to get
that award this early, to have people thinking of him as the MVP,
means a lot."