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OT: Bengals sign Carson Palmer to 9-year extension

Discussion in 'PatsFans.com - Patriots Fan Forum' started by pats1, Dec 29, 2005.

  1. pats1

    pats1 Moderator PatsFans.com Supporter

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    http://sports.espn.go.com/nfl/news/story?id=2274314


    Great. Now we won't have the Bengals bothering us in 3-4 years!
  2. maverick4

    maverick4 Banned

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    re:

    Palmer looks like he'll have a good career, but I don't understand why teams sign 9 and 10 year contracts. Anything could happen between the end of that contract (injuries, bad blood between people). Plus, it takes away the motivation of the player to work hard all the time. Look at how the Pats dealth with Brady - they locked him up for 6 years, but before that they were much shorter deals.

    .
  3. Fanfrom1960

    Fanfrom1960 Rookie

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    What you said, and add Donovan McNabb. It's been all down hill for him since the Eagles locked him up for life. Not his fault, but...
  4. PatsWickedPissah

    PatsWickedPissah PatsFans.com Supporter PatsFans.com Supporter

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    Disable Jersey

    Maybe the deal is cap friendly. Palmer is the real deal. He has the arm, pocket presence, the ability to read Ds and knows his offense so well that he checks down just like Brady. Cinn & Seattle have the most Brady like QBs.
  5. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    Those silly Bengals, signing one of the best QB in the league for the rest of his career :D

    Unless it's for absurd money it seems like a good move to me. I'm happy we have Brady locked up for years to come. QB has good longevity compared to some other positions, the Bengals are unlikely to regret this unless he has some terrible elbow injury.
  6. italian pat patriot

    italian pat patriot Rookie

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    i like Carson Palmer a lot and i think he will have a good career in Cincinnati.
  7. dryheat44

    dryheat44 Rookie

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    My guess is it's a tiered contract, much like Bledsoe's 10 year deal here.
  8. dhamz

    dhamz Rookie

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    There is a zero percent chance it is a real 9 year deal. There are probably anywhere between 3 and 5 years tacked on the end to make Palmer's agent be able to brag about the big number but that both sides know will never be paid out in the way structured in the contract.

    This is a no brainer for Cincy. The guy is probably the #3 QB in the league, he's young, and it sends a message to Marvin Lewis and all the players that the organization is committed to winning which is a big deal in that locker room.
  9. mtbykr

    mtbykr Rookie

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    Well

    If i were a bengals fan i would be happy. I think that he is the "real deal" and he also has a work ethic like TB's. He also has his head in the right place. You look around the league and all you see is teams searching for a QB with "those qualities"-well i think palmer has them, and the bengals were smart to lock him up and be able to build around him.
  10. maverick4

    maverick4 Banned

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    re:

    No question Palmer is a top 5 quarterback right now, and probably for the rest of his career. It's good for the Bengals to sign him long term. Still, I don't think it's smart to lock any player in for 10 years.

    .
  11. fleabassist1

    fleabassist1 Rookie

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    their entire offense is good, not just palmer... although palmer is one of the great qb's of today
    :)
  12. pats1

    pats1 Moderator PatsFans.com Supporter

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    The 6 new years worth of contract are worth...



    $98 mil.




    :rolleyes:
    Last edited: Dec 29, 2005
  13. Willie55

    Willie55 Rookie

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    NFL contracts are not like MLB contracts. Players can be cut/traded w/out penalty other than the signing bonus. Look at Bledsoe. The Pats signed him to a 10 year/100 million dollar contract and he was gone a couple years later.
  14. mtbykr

    mtbykr Rookie

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    Well

    While I agree it's a good signing, i just saw that it's 6 years at $98 million. That's a lot of jack to throw at one guy, and may hurt them in their cap down the road. I would be interested to see how it works out for each season!
  15. mtbykr

    mtbykr Rookie

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    Ya


    Excellant point---i forgot to mention that!
  16. maverick4

    maverick4 Banned

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    re:

    I know this. But in the NFL, where every cap dollar is extremely important, why sign a player to a 10 year deal? If you cut the player before the deal is over, you could end up taking a huge cap hit, depending on how you spread the bonus out. Also, if you need to renegotiate during the middle of the deal to ease the cap hit, the player has all the leverage and more bargaining power.

    .
    Last edited: Dec 29, 2005
  17. njpatsfan

    njpatsfan Rookie

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    More financial data points:

    http://www.usatoday.com/sports/football/nfl/2005-12-29-Palmer_x.htm?POE=SPOISVA

    The club will pay Palmer a signing bonus, and the contact adds onto the initial $49 million rookie deal he signed April 26, 2003. The last year of the original contract was voided, which reduced the value of the contract to six years, $40 million.

    ..

    Palmer's original contract called for him to make a base salary of $3.75 million this season. He will earn an additional $1.25 million because his top-5 passing performances triggered an escalator clause.

    Palmer's original deal also called for $1.5 million roster bonuses to be paid in April 2006 and April 2007.


    http://cincinnati.bizjournals.com/cincinnati/stories/2005/12/26/daily18.html

    The deal, called the biggest in NFL history by some, gives Carson $118 million over nine years.

    Palmer will get $30 million over the next 13 months in a contract that offers more salary cap flexibility through option bonuses, roster bonus and salary.
    ...

    Friday at 4 p.m. is the deadline for using salary cap room for the 2005 season.

    The Bengals figured to have used all of their reserve of $3 million-to-$4 million, and can use 2005 as a pro-ration year for roster and other bonuses reducing the cap hit of each year.



    R
  18. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    1.) As it stands right now, the size of Carson Palmer's contract will not matter after the 2006 season because the lack of a CBA extension means that there will be no cap starting in 2007.
    2.) As it stands right now, Carson Palmer could be released by the Bengals after the 2009 season without them making a dead money hit because his 2005 signing bonus can only be prorated over 5 years.
  19. Miguel

    Miguel Patriots Salary Cap Guru PatsFans.com Supporter

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    Can someone please explain to me how Palmer having $10.5 million cap hit in 2010;$11.5 million in 2011;$12.5 million in 2012;14 million in 2013, $15 million in 2014 means that the Bengals will not be able to compete for a Super Bowl but Brady having a $14 million cap hit in 2006 and 2008 leaves the Patriots in a position to compete for a Super Bowl??

    If there is a cap, there is no doubt in my mind that $15 million in 2014 will be taking a smaller percentage of it than $14 million in 2006.

    It just seems to me that criticism of Palmer's contract is wishful thinking or the application of a double standard. IMO, if Palmer's contract is bad, then Brady's must also be. And I do not think that Brady's contract is bad.

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