Palmer joins Seymour, Huff in Silver and Black restructure conga line

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Palmer joins Seymour, Huff in Silver and Black restructure conga line

Add Carson Palmer to the list of Raiders veterans willing to restructure his contract to help alleviate the team's salary cap pressures.And, as an aside, put away those fanciful thoughts of Peyton Manning coming to Oakland.This is Palmer's team now and, with the team actually announcing the quarterback had joined defensive tackle Richard Seymour and free safety Michael Huff in the restructuring conga line, he's not going anywhere anytime soon.What was not disclosed, however, were the exact details of Palmer's restructuring. The Raiders do not discuss contract specifics and Palmer did not reply to a message seeking comment.But if general manager Reggie McKenzie followed the reported pattern he used for Seymour and Huff -- reducing their base salaries to their respected veteran minimums -- he would have cleared 7.725 million in cap space with the Palmer move. And, combined with the reported 11.82 million cleared by the Seymour and Huff restructurings, the Raiders could be looking at having shed some 19.545 million against the cap with the trio of actions.With 142,514,984 devoted to the 2012 salary cap entering the week, the Raiders would have been more than 22 million over the salary capif it remains the same as last year's number of 120.375 million. The cap for 2012, though, has yet to be announced, though there have been Internet rumblings it will be announced on Friday.In Palmer's case, restructuring his contract, which called for base salaries of 12.5 million this season, 13 million in 2013 and 15 million in 2014, might have been the easiest work of all, considering all of his money is in the form of base salary.Consider: if Palmer reduced his base salary for this upcoming season from 12.5 million to the 10-year vet minimum of 925,000 and converted the rest into a signing bonus, the difference of 11.575 million could be prorated and spread out evenly over the next three years in the form of 3.85 million once-a-year bonuses. That would translate to a new salary cap number for Palmer of 4.775 million for 2012, hence the savings of 7.725 million this season.
REPORT: Raiders restructure Seymour, Huff

Keep in mind, only the top 51 contracts count against the cap, and the franchise tag placed on strong safety Tyvon Branch is not factored in yet because that number, expected to be about 6.2 million, has yet to be announced, but the Raiders might now be within some 2.6 million, sans the Branch designation, of cap compliance by Tuesday's 1 p.m. PT deadline. With it, Oakland is within 8.8 million.
Of course, the Raiders would like to give themselves some wiggle room to operate by getting 4-5 million under the cap to make a run at some relatively cheap free agents and to get ready for the draft, although they currently only have a fifth-round and a sixth-round choice at their disposal (compensatory picks will be awarded later this month and the Raiders figure to get a third-rounder, which is relatively cheap to sign, as well as a fourth- andor a fifth-rounder after losing Nnamdi Asomugha, Zach Miller, Robert Gallery and Thomas Howard to free agency).
Another Raider to keep an eye on, then, in the coming days is linebacker Kamerion Wimbley, whose agent Joe Linta confirmed to CSNCalifornia.com today he had not spoken to the Raiders in "several days." Reportedly, 6.5 million of Wimbley's 11-million base salary for 2012 is already guaranteed and the remaining 4.5 million becomes guaranteed if he is still on the roster March 17, as well as his entire 11 million base salary for 2013 and 2 million of his 10 million salary for 2014.Oakland cutting Wimbley before March 17 would save the Raiders between 1.9 million and 4.5 million for 2012 cap purposes, depending on prorations, 17.5 million going forward.Others to watch for potential cuts, and what a cut would mean savings-wise this year: linebacker Aaron Curry (5.757.5) defensive tackle John Henderson (4 million), cornerback Chris Johnson (3.5 million), defensive tackle Tommy Kelly (3.125.73) right guard Cooper Carlisle (2.7 million) and safety Hiram Eugene (2.45 million).Restructuring the likes of Curry and Kelly seem more likely, though the Raiders would have to extend Curry as he is entering the finale year of his contract.

Raiders offensive lineman next in line for extension with Carr's deal done

Raiders offensive lineman next in line for extension with Carr's deal done

The Raiders locked up Derek Carr last week, signing their franchise quarterback to a five-year, $125 million contract extension.

He isn’t the only member of the 2014 draft class worthy of a raise. Edge rusher Khalil Mack will get a big one, likely at some point next offseason. The Raiders have some time with Mack after exercising a fifth-year contract option available for first-round picks.

General manager Reggie McKenzie didn’t have that luxury with Carr, and his 2014 second-round pick cashed in before formally entering a contract year.

Right guard Gabe Jackson could do the exact same thing. McKenzie prefers to draft, develop and reward homegrown talent, and the 2014 third-round pick should be next in line to do so.

McKenzie has said back in March that he’d like to extend Jackson’s contract, though there isn’t a deadline to do so.

“There’s no timetable,” general manager Reggie McKenzie said. “But, I alluded to earlier in the offseason that Gabe is one of the guys I want to get locked up.”

That could happen later this offseason, or further into training camp. Despite paying Carr an NFL-record $25 million in 2017, his contract is structured in such a way that there’s room for another offseason extension. That was important for Carr, that the Raiders can sign other members of this young core.

“We figured out a way to do it,” Carr said, “so that we have the opportunity to sign the other guys that I think are important to this organization.”

The Raiders have roughly $18 million in salary cap space after the Carr deal. Some of that is earmarked for the team’s top three draft picks, which remain unsigned to this point. A large sum could go to Jackson as incentive to sign up early, well before he’s eligible to hit the unrestricted free agency.

The offensive guard market is booming, with bigger deals going to a position group generally lower than other spots on the offensive line. The Raiders contributed to that inflation in 2016, signing left guard Kelechi Osemele to a five-year, $58.5 deal with $25.4 million in guarantees.

Osemele is one of eight guards with contracts worth $40 million or more, a list that includes two right guards. Jackson played left guard – the more valued position – until Osemele showed up. He moved to the right without complaint.

Jackson thrived there as well. He didn’t allow a sack in 2016, according to analytics site Pro Football Focus, with 27 quarterback pressures in 735 pass-blocking snaps. Jackson has been a strong run blocker as a pro, where he has started 44 games in three NFL seasons.

Finding proper value to entice Jackson to sign while remaining on budget is McKenzie’s next task, trying to keep a valuable offensive lineman in place for years to come.

Carr plans to spread new wealth after Raiders contract extension

Carr plans to spread new wealth after Raiders contract extension

ALAMEDA – Derek Carr isn’t one for extravagance. The low-key Raiders quarterback already has some nice cars, a house and some luxury items to his name, but signing a $125 million contract extension Friday morning won't prompt a spending spree.

Cornerback Sean Smith suggested he get a Bugatti. That’s a $1 million car.

“Yeah,” Carr said with a smirk. “That’s not going to happen.”

That isn’t the 26-year old’s style. Carr had a his own plan after signing on the dotted line.

“I’ve been eating clean,” Carr said. “I’ll probably get Chick-fil-A.”

That makes sense. This is a guy who celebrated his first NFL victory with a trip through a Carl’s Jr. drive-in.

There will be other purchases. His wife Heather will get something nice in the near future. His family, especially Heather and sons Dallas and Deker, will be taken care of for life.

After all that, Carr plans to spread the wealth.

“The exciting thing for me moneywise, honestly, is this money is going to help a lot of people,” Carr said. “I’m very thankful to have it, that it’s in our hands because it’s going to help people. Not only in this country, but in a lot of countries around the world. That’s what’s exciting to me.”

Carr and former Raiders running back Latavius Murray took a missionary trip to Haiti, an impoverished nation had a profound impact on the star quarterback.

“I’ve been down to Haiti and I’ve seen some of those struggles that they have and the kids there, and my heart just… I cry sometimes thinking about it,” Carr said. “So, just knowing that we can go down there and make a difference and help, those are the kind of things that the money makes me kind of like, ‘Oh my gosh.’ Because now we can really do some things to help a lot of people.”

He plans to support those in that area, in addition to global and domestic charities he has been involved with over the years. Don’t expect a press release accompanying every donation. Carr would rather keep those decisions private.

“I’m going to do my best to make sure no one knows what we do with it,” Carr said. “I’ll just say this, I can assure you that it’s going to help a lot of people. I’m not stingy. My business manager will probably be on me saying, ‘Hey man, that’s enough.’ I won’t get into when, how or why. It’s not all about that for me. It’s about making a difference. That’s what’s exciting for me is that we’ll be able to do that.”