Tempe, AZ -– The Arizona Cardinals today announced that the team has signed quarterback Carson Palmer to a three-year contract extension that keeps the two-time Pro Bowler under contract with the Cardinals through 2017.
Palmer’s extension has $20.5 million in guaranteed money through 2015, but no guarantees for the 2016 and 2017 seasons. His average salary places him in the $15.9 to 16.6 million range, according to an ESPN report.
“Carson has played at an incredibly high level and has been a huge part of the team’s success,” said general manager Steve Keim. “When you combine his on-field performance with the leadership, stability and professionalism he brings to our team, there was no question that we wanted to extend the relationship and we are excited he felt the same way.”
The 34-year-old Palmer (6-5, 235) joined the Cardinals in 2013 after being acquired in a trade from the Oakland Raiders. Since coming to the Cardinals, Palmer has a 15-6 record in his 21 starts in Arizona, which represents the best record for a modern-era Cardinals QB through his first 21 starts.
Since week 8 of 2013, no NFL quarterback has a better win percentage than Palmer’s (.857). In those 14 games, Palmer has posted a 12-2 record, throwing for 3,918 yards, 27 TDs, 11 INTs and a 97.5 passer rating. He had a passer rating of 90.0+ in 11 of those 14 games and a 100.0+ rating in eight (all Cardinals wins). He is 5-0 as a starter this season with 11 TDs and only 2 INTs while posting a passer rating of 99.3.
In his first season with the Cardinals in 2013, Palmer threw for a career-high 4,274 yards, becoming the first player in NFL history to throw for 4,000+ yards for three different teams. He threw for 4,000 yards twice with the Bengals (2006, 2007) and once with the Raiders (2012).
For his career, Palmer has started 142 games, completing 62.5% of his passes (3,046-4,870) for 35,124 yards, 224 TDs, 154 INTs and a passer rating of 86.4.
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