Oakland Raiders, Arizona Cardinals Complete Carson Palmer Trade

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Aug. 17, 2012; Glendale, AZ, USA; Oakland Raiders quarterback (3) Carson Palmer against the Arizona Cardinals during a preseason game at University of Phoenix Stadium. The Cardinals defeated the Raiders 31-27. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports
Aug. 17, 2012; Glendale, AZ, USA; Oakland Raiders quarterback (3) Carson Palmer against the Arizona Cardinals during a preseason game at University of Phoenix Stadium. The Cardinals defeated the Raiders 31-27. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports /

The deal that would send quarterback Carson Palmer from the Oakland Raiders to the Arizona Cardinals has finally been completed. The two sides finalized the trade early Tuesday afternoon after Palmer spent Monday night in Phoenix wining and dining with the Cardinals executives.

In return for Palmer, the Raiders received a bag of peanuts and a conditional seventh-round pick.

Per ESPN’s Adam Schefter:

If teams would have known Palmer came that cheap, there is a good chance there could have been a bigger market for his services. Oakland practically gave him away.

It’s not quite the way you would like to flip your investments if you are the Raiders, who gave away a boatload of high draft picks to land Palmer in what will be viewed as one of the worst trades in NFL history.

For the Cardinals, there is little risk in bringing Palmer on board.

The team has been searching for a reliable quarterback to take their team to the next level and they will hope he can have the same kind of magic late in his career that Kurt Warner had when he led the team to a Super Bowl appearance.