Cardinals' Carson Palmer: Signs one-year extension

Palmer signed a one-year, $24.35 million contract extension with the Cardinals on Friday, Ian Rapoport of NFL Network reports.

Analysis:

Palmer's contract now extends through the 2018 season, with the next two seasons fully guaranteed. The 36-year-old is coming off one of the best seasons of his career, setting career highs with 4,671 yards and 35 touchdowns in addition to leading the Cardinals to the NFC Championship game. The team signed both Palmer and Larry Fitzgerald to one-year extensions Friday, meaning the duo will continue to lead the offense for at least the next two seasons.