Cincinnati media is going nuts today over the news that Carson Palmer’s suburban 5,500 sq. ft. house has sold for $1,915,000. The 5 bed, 5.5 bath house has “Pool, Spa, Golf Green, Pond & Lush landscaping” according to the real estate listing. From what we can see, it’s also a pretty boring pad. But this is the sign, for most Bengals backers, that the QB is serious about this plan to never play for the team ever again. The house was bought for $2mm & change in 2003.
Palmer, who would be entering his ninth season, has asked to be traded or he would retire. He is scheduled to make $11.5 million in base salary this year. The contract, which has four years remaining, would pay Palmer $53 million ($50 million in base and $1 million in roster bonuses in 2012, ’13 and ’14). However, if Palmer files his retirement papers or the Bengals place him on the Reserve/Did Not Report list, that $11.5 million would come off the Bengals salary cap.
You have to really hate going to a job to give up $11.5 million, but according to this net worth calculator we’re talking about a guy who just might be worth northwards of $80,000,000.
Anyway, the house that Palmer called home but can’t get away from fast enough. (Too much dark wood for us. Thanks for asking.)