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Palmer Took Pay Cut to Join Raiders

The Oakland Raiders will reportedly pay QB Carson Palmer $5 million less than what he would have made had the Cincinnati Bengals not traded him, according to ESPN's Adam Schefter.

Under contract with Cincinnati, Palmer was due to make $11.5 million this season. With 11 games remaining, his prorated contract would be worth $7.44 million. The Raiders will only pay Palmer $2.5 million for the rest of the 2011 season.

Palmer was the number one draft pick overall in 2003, and he spent seven successful years in Cincinnati. Prior to the 2011 season, though, he demanded a trade and threatened retirement if his request was not granted. Though still under contract with the Bengals, he never once suited up in 2011.

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