Report: Palmer saves Raiders 9.34 million


Report: Palmer saves Raiders 9.34 million

Carson Palmer's restructured contract, announced by Oakland Thursday evening, actually saved the Raiders 9.34 million against the salary cap, according to And, combined with the savings created from the restructuring of contracts belonging to defensive tackle Richard Seymour and free safety Michael Huff, the Raiders have slashed 21.16 million from their 2012 salary cap figure.Per the report, Palmer, the No. 1 pick of the 2003 draft, had his base salary for 2012 reduced from 12.5 million to the nine-year veteran minimum of 825,000. Palmer's contract was also extended a pair of voidable years to 2015 and 2016 to distribute the remaining 11.675 million as a roster bonus and spread out the cap hit -- 2.335 million in proration each year -- over five years.As such, Palmer has a new salary cap number of 3.16 million, rather than 12.5 million, for 2012.
Palmer, acquired in an Oct. 18 trade from Cincinnati for a first-round pick in 2012 and a conditional first-round pick in 2013, had his deal "renegotiated" a day later, and the quarterback played the 2011 season on a base salary of 3.863.636 million.Originally due base salaries of 13 million in 2013 and 15 million in 2014, Palmer is now due, thanks to the quick relief restructuring, base salaries of 15.335 million in 2013 and 17.335 million in 2014, with the voidable years of 2015 and 2016 garnering him base salaries of 17.335 million each.Still, the Raiders seem to have set themselves up nicely to get in cap compliance by Tuesday's 1 p.m. PT deadline. The salary cap has yet to be announced, though it is thought to be near last year's figure of 120.375 million.Last week, the Raiders were some 22 million above the capif it remained the same as last year. Not counting the approximate 6.2 million franchise tag they slapped on Tyvon Branch -- no doubt Oakland would prefer to work out a more cap-friendly long-term deal with the strong safety -- the Raiders are just about there, though there is still work to be done.Particularly when it comes to linebacker Kamerion Wimbley, who reportedly already has 6.5 million of his 11-million base salary for 2012 guaranteed with the remaining 4.5 million guaranteed come March 17 if he is still on the roster on that date, as well as his entire 11 million base salary for 2013 and 2 million of his 10 million salary for 2014.Wimbley's agent Joe Linta confirmed to Thursday he had not spoken to the Raiders in "several days." The Raiders cutting Wimbley before March 17 would save them between 1.9 million and 4.5 million for 2012 cap purposes, depending on prorations, 17.5 million going forward.Other potential cuts include defensive tackle John Henderson (4 million), cornerback Chris Johnson (3.5 million), right guard Cooper Carlisle (2.7 million) and safety Hiram Eugene (2.45 million).More restructuring by linebacker Aaron Curry (5.757.5 million) and defensive tackle Tommy Kelly (3.125.73) could also save cap space. The Raiders, though, would have to extend Curry, who is entering the finale year of his contract.

Donald Penn: Raiders players trust McKenzie will add right pieces

Donald Penn: Raiders players trust McKenzie will add right pieces

The Raiders were pretty darn good last season. A 12-4 record proved that point. There was plenty of talent on a team with a penchant for high-wire acts in victory that masked the fact there were holes on the roster.

They need to be filled for the Raiders to improve in 2017, and new players will be imported through free agency and the draft.

Left tackle Donald Penn is excited to see who gets added, but said there’s no doubt talent is coming to Oakland. He speaks for Raiders players, who have faith that general manager Reggie McKenzie will make the right moves.

“Things that Reggie has done in past drafts have been great, and we’re looking forward to seeing what he brings back towards us,” Penn said recently during an in-studio appearance on NFL Network. “We can’t wait to get back out there healthy. We’re ready to hit the football world with a storm.”

While new guys are coming, a few might head out. The Raiders have several unrestricted free agents. Penn wants to keep his guys around – he mentioned running back Latavius Murray by name -- though he has some ideas for McKenzie’s checklist.

The Raiders don’t need much with most key players under contract – the Raiders should be less active in free agency over past offseasons – but a few key components could put this team over the top.

“If we stick to Reggie’s plan, we’ll be great,” Penn said. “I know he’s going to have a great draft, add a couple little pieces here and there – maybe somebody in the secondary to help out a little bit.

"On offense, you could always use a weapon. Maybe we get another receiver to take (pressure off Michael Crabtree and Amari Cooper), but we have a good nucleus right now.”

Raiders LT Donald Penn: QB Derek Carr 'almost 100 percent'

Raiders LT Donald Penn: QB Derek Carr 'almost 100 percent'

Derek Carr is on the mend. The Raiders franchise quarterback had surgery to repair his fibula shortly after he broke it in a Week 16 victory over Indianapolis, and is recovering well during the offseason.

Carr insisted on intense rehab this winter in an attempt – however unlikely it may have been – to return should the Raiders have played in the Super Bowl. It slowed to a normal pace after the Raiders' loss at Houston in the postseason’s opening round, but those in contact with him say he’s making strides.

Left tackle Donald Penn was recently in contact with Carr, and provided an update on Monday during an in-studio appearance on NFL Network.

“I texted Derek (a few) days ago checking in,” Penn said, “and he said he’s almost 100 percent.”

Surgically-repaired broken filbulas take significant time to heal, and the Raiders plan to be conservative with their MVP candidate during the offseason. Derek Carr’s brother and NFL Network analyst David Carr, who was on set with Penn on Monday, said Derek could be back for offseason work.

“He’s doing good,” David Carr said. “He’s walking around already, stretching it out. You can’t do a lot for the bone, right? But he’s going to be back. He’s going to get a whole full offseason in. That’s going to be the best part.”