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Adam Schefter: Carson Palmer Trade To The Oakland Raiders Is Official; Announcement Later Today

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Speculation that the Cincinnati Bengals have traded Carson Palmer to the Oakland Raiders can now cease. According to ESPN NFL Insider, Adam Schefter, the deal is "now official." As Jay Glazer of Fox Sports originally reported, the Cincinnati Bengals will receive Oakland's first round pick for 2012 and a second round pick in 2013 that could be upgraded to a first round pick based on playing time and other incentives -- including his own performances. NFL Network's Albert Breer writes that the announcement should be made later today.

Carson Palmer reportedly demanded a trade during the league's Conference Championship weekend with ESPN NFL Insider reporting at the time that Palmer was threatening to use the "retirement card." Palmer hadn't said a single word about the demand, but the team took the demand serious enough to draft TCU quarterback Andy Dalton in the second round of the 2011 NFL draft. Throughout the entire process, Mike Brown has stood firm that he will not trade Palmer, standing behind his principles that players shouldn't demand their way out of a contract.