Carson Palmer is a Raider

The Carson Palmer trade is official.

The Raiders will send their first-round pick in 2012 and a conditional first-round pick in 2013 to Cincinnati. The 2013 pick will be a first rounder if the Raiders win a playoff game this season. If not, it will be a second-round pick in 2013.

Plenty more to come on this blockbuster.

UPDATE: The 2013 pick is technically being called a second-round pick and not a conditional pick at this point. We’ll keep you updated.

UPDATE: The Bengals aren’t confirming or denying that the 2013 pick will be upgraded to a No. 1 if the Raiders win a playoff game this year. But it sure seems like that is the case.