Palmer has become the object of fan frustration in the past two years and sources said he has grown frustrated with the team's inconsistencies. The Bengals finished 4-12 in 2010.
Sources familiar with Palmer's plan and mindset said he is financially secure for the rest of his life and willing to follow through and retire.
It's tough to know who to side with here. On one hand, I feel like anyone who's been a Bengal for eight years has served their time, and probably should get an opportunity to play somewhere else.
But at the same time, Palmer hasn't been holding up his part of the deal, either. He didn't exactly set the world on fire in 2010, with 20 interceptions to go along with his 26 touchdowns. His season passer rating of 82.4 puts him in the lower half of the league among starters. Usually, someone has to be good before they demand a trade.
The contention from the Palmer camp is probably that he is good, but being a Bengal is dragging him down. It's not an unreasonable claim. The Bengals organization is not known for its long history of competence and efficiency.
I wouldn't bet on Palmer retiring, though. It seems like the retirement threat rarely ends with a man actually retiring. It's not that he's fibbing, necessarily, it's just that when it comes time for the decision to be made, competitors want to play. People also like money.