The Raiders are not likely to cut quarterback Carson Palmer, reports ESPN’s Adam Schefter, who puts the probability at less than 10 percent.
Instead, they will ask him to take a pay cut.
Palmer is set to make $13 million next season, and as it was reported a few weeks ago, he could take a pay cut similar to that of Eagles quarterback Michael Vick.
Vick, who was owed $15.5 million in 2013, inked a deal with the Eagles that could make him up to $10 million with a base salary of $7.5 million, a fairly large slash in salary.
Rotowire claims that Palmer “should be open to the pay cut.”
The veteran quarterback was traded to the Raiders midway through the 2011 season after an injury to Jason Campbell. Since then Palmer has been the starter for the Silver and Black.
In 15 games last season, he threw for over 4,000 yards, 22 touchdowns and 14 interceptions with a quarterback rating of 85.3. Palmer was severely handicapped, as injuries hampered most of his offensive weapons downfield, his running back, and his offensive line.