Both FOX Sports and ESPN are reporting that the Cincinnati Bengals and Oakland Raiders are nearing a deal that would send Carson Palmer to Oakland. Per the reports, the trade is expected to be done before the NFL trade deadline at 4:00 p.m. (ET) on Tuesday.
There are a couple of components to this deal. First, the Raiders are giving up their 2012 first round pick, which would mean they don't have first, second, third, fourth or seventh round picks in next April's draft. Second, the Raiders are also giving up a 2013 conditional draft pick that could turn into another first round pick depending on playing time and incentives.
So it's possible that, when it's all said and done, the Raiders give up two first round picks for Palmer. That's almost unbelievable considering we thought the going rate for Palmer would be around a second round pick.
The two sides are getting close to finalizing the deal and it's expected to be done before the deadline Tuesday afternoon.