Palmer restructures, gives Cards flexibility

Carson Palmer and the Arizona Cardinals agreed to restructure the rehabbing quarterback's contract and will free up $7 million of cap space in 2015.

While QB Carson Palmer continues to rehab from a torn ACL, he and the Arizona Cardinals have agreed to restructure the contract he signed just before going down for the season last year.

Palmer’s cap number was scheduled to be $14 million in 2015 but has now been reduced to just over $7 million.

GM Steve Keim and company accomplished this by converting a roster bonus to a signing bonus, thus prorating those dollars throughout the duration of the contract.

Palmer was playing some of the best football of his career before tearing the ACL in his left knee a year ago and is a vital piece of the puzzle for Arizona coming into next season.

In 2014, Palmer had a QB rating of 95.6 and had thrown 11 touchdowns compared to just three interceptions in six games played.

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