There are some important dates coming up for the Arizona Cardinals in terms of contracts. Quarterback Carson Palmer, guard Mike Iupati and cornerback Patrick Peterson, all of whom were Pro Bowlers this year, have large amounts of money becoming guaranteed.
As noted by former agent Joel Corry in an article pointing out important dates for teams and players for their salary guarantees, Friday (February 12) and March 11 are big.
On Friday, Carson Palmer's salary of $7.15 million and his roster bonus of $6.35 million, which will be paid out on March 13 (the fifth day of the new league year), are fully guaranteed. If the Cardinals had any inkling of moving on from him. They would have to do it Thursday. It wouldn't make a lot of sense in terms of the salary cap, though. Because of a contract restructure last year, his contract would count in over $13 million in dead money. His cap his will be more than $17 million this upcoming season.
Friday also guarantees cornerback Patrick Peterson's $9.75 million salary for 2016.
All of that money was already guaranteed for injury. But since both are healthy, Arizona could make a move on Thursday to save money.
Peterson's deal will count more than $13 million against the cap. If he were cut, they could save more than $9 million against the cap.
The next big date is March 11, the third day of the 2016 league year. On that date, guard Mike Iupati's $4.5 million salary for 2016 becomes fully guaranteed. It was already half guaranteed. It also triggers a $2 million guarantee for 2017, when he is due to make $8 million.
Don't expect any of these three to be cut or traded. Palmer and Peterson are coming off career seasons and are among the best at the position in the entire league. Iupati was signed last year and was every bit the player the team hoped he would be.