The Arizona Cardinals announced Friday (Nov. 7) that they’ve signed quarterback Carson Palmer to a three-year extension.
Terms of the deal were not disclosed, but ESPN reports that the deal is worth $50 million in total, and will keep him under contract through 2017. It’s also said to be guaranteed through 2015 and includes a guaranteed $20.5 million during that span.
Palmer was set to earn $9 million this season, and would enter free agency after.
The quarterback played in the Cardinals season opener before an injury forced him to miss the next three games. He returned in Week 6 and is 5-0 this season for the NFL-best Cardinals (7-1).
“Carson has played at an incredibly high level and has been a huge part of the team’s success,” general manager Steve Keim said in a statement. “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.”