The Cincinnati Bengals have completed a trade with the Oakland Raiders that sends Carson Palmer to Oakland for a 2012 first round pick and a conditional first round pick in 2013, according to ESPN. The conditional pick is dependent on playing time and other incentives.
The Raiders are in need of a quarterback after Jason Campbell went down with a broken collarbone but it appears Palmer would step in and become their new starting quarterback, regardless of Campbell's health. Giving up what could be two first round picks clearly indicates they're committed to him in the long run.
The Raiders now don't have their first, second, third, fourth or seventh round picks in the 2012 NFL draft.
Raiders coach Hue Jackson worked in Cincinnati for several years and it's believed his relationship with Bengals owner Mike Brown helped get this deal done. Jackson was an assistant coach in Cincinnati from 2004-06 when Palmer was there.
The Raiders now have a new quarterback and Cincinnati gets the over-the-top compensation they were looking for in a Palmer trade.