July 26 (Bloomberg) -- Cincinnati Bengals owner Mike Brown said he’ll let Carson Palmer retire rather than agree to trade the quarterback, the National Football League team said on its website.
Brown denied Palmer’s request to be traded on Feb. 7 after the Bengals finished 4-12 last season.
Palmer told a Cincinnati television station in March that he would rather retire than return to the Bengals, saying he had $80 million in the bank and that, “I don’t have to play football for money. I’ll play it for the love of the game but that would have to be elsewhere.” He is signed through 2014.
Palmer, 31, was selected first overall by the Bengals in 2003 NFL draft. The two-time Pro Bowl passer has a 46-51 record as the team’s starting quarterback, throwing 154 touchdowns and 100 interceptions.
Brown said today that a trade would reward Palmer for failing to play out his contract, and that the team would move ahead with second-round draft pick Andy Dalton as the possible starter, the team said.
NFL transactions began today following the conclusion of a four-month lockout the led to a 10-year labor contract.
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