Bengals get 'platinum' pick for Palmer

Posted Oct. 19, 2011 @ 11:08 p.m.
Posted By Mike Wilkening

The Bengals were panned for reportedly turning down a package of draft picks for WR Chad Ochocinco in 2008. However, they have been widely praised for trading holdout QB Carson Palmer to Oakland a 2012 first-round pick and a 2013 pick that will be no worse than a second-rounder. One NFL source told PFW this week that a league executive told him first-round picks are "platinum" with the new CBA restricting compensation for No. 1 selections below pre-2011 levels. Also, as the source noted, first-round contracts run for four seasons, with teams holding an option to extend them for a fifth season. The executive, according to the source, suggested that first-round picks are now "really worth double what they were under (the previous) CBA." Another aspect of the trade that helps the Bengals: Palmer's salary is now off the books, and the Bengals no longer have to account for the possibility he would report to the team, which would then make his salary count against the cap. This gives the Bengals more flexibility to sign players to contract extensions, head coach Marvin Lewis said Tuesday.