Back in January, Carson Palmer made it clear that he could afford to retire from the game of football instead of playing for the Cincinnati Bengals because of the $80 million he had saved in the bank. Apparently, Palmer is staying true to his word about how he’s financially set since he’s willing to take a hefty pay cut.
According to ESPN’s Adam Schefter, Palmer took a $5 million pay cut to play for the Raiders this season. Palmer was originally scheduled to make $7.44 million for the rest of the 2011 season since we’re already six games in and he will now make $2.5 million for the final 10 games–which is a pretty nice deal on Palmer’s end.
The fact that Palmer was willing to give up $9 million of his original $11.5 million earnings for 2011 shows how desperate he was to get out of Cincinnati. Still, between the $80 million he has saved up and the $40.5 million he’s scheduled to make over the next three seasons after 2011–it’s safe to say Palmer probably won’t mind taking a pay cut this season now that he finally got what he’s fought so long for.
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