The Arizona Cardinals have locked up starting quarterback Carson Palmer to a three-year contract extension, the team announced on Friday.
Per Josh Alper of NBC's Pro Football Talk, "Jason LaCanfora of CBS Sports reports the payout is $50 million, although there aren’t any details about how the deal is structured in terms of guaranteed money and injury protection at this point. Palmer could have become a free agent after the season, which was apparently something the Cardinals didn’t want to risk."
Despite missing some action during the 2014 NFL season with an injured nerve in his right shoulder, Palmer has been a revelation for the NFC-leading Arizona Cardinals. In addition, his success has extended even further back than that, as Palmer has tossed 25 touchdowns against just 10 interceptions since the midpoint of the 2013 NFL season.
All of this amounted on Friday to Arizona banking its future on its present - a move that Palmer will look to pay them back for over the next three years.
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