Carson Palmer signs contract extension

The Arizona Cardinals signed quarterback Carson Palmer to a three-year extension that keeps the two-time Pro Bowler under contract through 2017, the team announced Friday.

Contract terms were not disclosed by the Cardinals, but sources confirmed to ESPN that the deal is worth $50 million in total. It is guaranteed through 2015 and includes a guaranteed $20.5 million during that span, a source said. The average salary range is between $15.9 million and $16.6 million.

Fantasy Impact: 

From a fantasy perspective, Palmer is in a pretty good situation and for the most part is a lower-end QB1. He has a reliable, but aging veteran in Larry Fitzgerald and a close-to star in Michael Floyd. John Brown is an emerging deep threat and Andre Ellington at RB is an option to run and catch the ball out of the backfield.

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