Streeter Lecka/Getty Images(PHOENIX) -- The Arizona Cardinals have signed starting quarterback Carson Palmer to a three-year extension worth $50 million.
Palmer was set to become a free agent after this season and has won all five games he's played this year, after missing three games with a shoulder injury.
"Carson has played at an incredibly high level and has been a huge part of the team's success," general manager Steve Keim said. "When you combine his on-field performance with the leadership, stability and professionalism he brings to our team, there was no question that we wanted to extend the relationship and we are excited he felt the same way."
The Cardinals acquired Palmer from the Raiders in 2013 in a deal in which Arizona swapped its 2013 sixth round pick for Oakland's seventh rounder in the same draft. The Cardinals also surrendered a seventh rounder in the 2014 draft after Palmer started at least 13 games for the Cardinals in 2013.
Palmer has won 15 of his 21 starts for Arizona.
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