Updated: April 2, 2013, 1:57 PM ET
Palmer also agreed to a new contract with the Cardinals. The team did not disclose terms of the quarterback’s deal.
The Cardinals sent the second of their sixth-round picks (176th overall) to the Raiders in exchange for Oakland’s seventh-round pick (219th overall).
In addition, the Raiders will receive for a conditional seventh-round pick in the 2014 draft if Palmer starts 13 games for Arizona in 2013, a league source told ESPN NFL Insider Adam Schefter.
The return the Raiders received for Palmer is far less than the price the team paid to acquire the quarterback from the Cincinnati Bengals in 2011: a 2012 first-round draft pick and a second-round selection in the 2013 draft.
Palmer will help solidify a Cardinals quarterback position that has been in flux since Kurt Warner retired after the 2009 season.
Quarterback Drew Stanton signed with Arizona last month, following new coach Bruce Arians to the Cardinals from the Indianapolis Colts. At the time of the signing, Arians said he was confident Stanton could handle the starting job, but it’s expected Palmer would move into the top spot once a trade is finalized.
On Monday, the Cardinals released quarterback John Skelton, who started 17 games for the team in the past three seasons.
The Raiders decided to move on from Palmer, acquiring quarterback Matt Flynn in a trade with the Seattle Seahawks on Monday.
Palmer put up prolific numbers in his first full year as a starter in Oakland, but that led to little success for the team. He completed 61.1 percent of his passes and threw for 4,018 yards in 15 games — second most ever for the Raiders — with 22 touchdowns and 14 interceptions.
The 33-year-old Palmer, who is owed $13 million this season, was unwilling to take a pay cut to remain with the Raiders, according to sources.
“I talked to Carson I guess it was probably Saturday, over the weekend, and kind of explained where we were at, what the process was. I think he and his representation totally understand where we’re at,” Raiders coach Dennis Allen said Monday in a conference call to discuss the acquisition of Flynn.
“I think, at the end of the day, when we looked at it both from his standpoint and from our standpoint, we just realized that it was time for us to move on and move forward. We felt like Matt Flynn gave us a great option,” Allen said.
Information from ESPN NFL Insiders Adam Schefter and Ed Werder and The Associated Press was used in this report.
This article was originally posted on ESPN.com