ESPN's Adam Schefter reported on Monday that Palmer is "highly unlikely" to restructure his current deal:
Releasing Palmer would be the smart move for the Raiders at this point, even though he'll cost the team $9.34 million in dead money, per Spotrac.com.
But once he's gone, Oakland would have just one quarterback on its roster: Terrelle Pryor.
Pryor may well be the team's long-term answer at the quarterback position. Lord knows, he has better natural athleticism and arm strength than any of the quarterbacks coming out of this year's draft. Still, it remains to be seen if he can lead a winning NFL offense.
The Raiders need to at least add a veteran to the roster as Pryor's backup, if the team's plan is to let him enter the season as the starter. At best, Oakland would draft a quarterback in the middle rounds and bring in a veteran to compete with both young quarterbacks during training camp.
Selecting Geno Smith at the top of the draft makes zero sense for the Raiders. He isn't an upgrade over Pryor at this time, and the team would be wise to land an impact player, likely a defensive tackle or cornerback.
So what are the best options for the Raiders, should Palmer be released?
Sign Vince Young To Short-Term Deal
Vince Young hasn't looked good on a football field since 2010, but he's determined to make a comeback. He's scheduled to work out at Texas' pro day on Tuesday, according to SI.com's Stewart Mandel:
NFL Network's Ian Rapoport recently reported that the Raiders were involved in "preliminary" talks with Young, via Pro Football Talk's Michael David Smith.
With the money ...
Article Source: Bleacher Report - Oakland Raiders
