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Raiders Offseason 2012: Carson Palmer, Kamerion Wimbley Need To Restructure Contracts To Make Budget

The Oakland Raiders overextended themselves with a few of their current contracts, and now must figure out a way to restucture some contracts for key players to make it under their current budget, including quarterback Carson Palmer and linebacker Kamerion Wimbley.

Oakland is currently $22 million over the cap and needs Wimbley to take a significant cut from the $43.5 million he is owed over the next four season. IF not, the team will have no choice but to release him by March 13. the 28 year old agreed to a $4.1 million salary, then a $11.3 million franchise tag, then a cap-friendlier, five year, $48 million contract, all within a six month span last season. He's due $11 million next season, with $6.5 million of it guaranteed already, the rest becomes guaranteed on March 17.

As for Carson Palmer, he will need to restructure as well, which has three years and $40.5 million left in it's current terms. $5 million of his $12 million salary next season is guaranteed.

These decisions will certainly have a trickle down effect to other players like linebacker Aaron Curry, safety Michael Huff, and defensive tackles John Henderson and Tommy Kelly, all who may need to restructure as well.

For more on the Raiders, head over to Silver and Black Pride.