Raiders acquire QB Carson Palmer from Bengals

OFFICIAL: Raiders have acquired quarterback Carson Palmer from the Bengals for a first-round pick in 2012, and a conditional first-rounder in 2013.

Oakland and Cincinnati are on the verge of finishing one of the NFL’s boldest trade-deadline deals in decades, with the Raiders obtaining holdout quarterback Carson Palmer from the Bengals in exchange for two first-round picks, according to sources close to the situation.

The Bengals would receive a first-round pick in 2012 from the Raiders and the other would be a conditional first-round pick in 2013. Palmer was in the Bay Area on Tuesday morning receiving a physical before the deal could be completed.

According to a source, if the Raiders win a playoff contest in the 2011 season, the Bengals would get a first-round draft pick in 2013. If the Raiders don’t win a playoff game in the 2011 season then the Bengals would obtain a second-round pick in 2013.

Quick tidbits: Trade is expected to be done by the 1 PT deadline.  The former Trojan and Heisman winner Palmer has been working out in Southern California with legendary Jet quarterback Ken O’Brien.  Raiders coach Hue Jackson was the Bengals receivers coach (2004-06) while Carson was under center in Cincinnati.

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