a definite upgrade
I have my doubts, Palmer hasn't had a good season in years.
I guess it depends on your definition of good. I mean I consider nearly 4000 yards on just under 62% a good season, but hey what do I know. Last year he was 6th in yards, 4th in completions & attempts, 9th in TD's, and 3rd in INTs (though Brees was 2nd). Certainly not an elite season, but certainly not a bad season either.
Is the over the top sarcasm necessary?
They threw the ball a lot in Cinncy last year, but their offense overall was 20th in the league. Their passing offense was 13th in the league by pure yardage, but that was pumped up by the number of attempts when you rated their effiency with regards to turnovers, yards per attempt, etc. they drop back down to below average.
His QB rating was 18th in the league on an individual level, or if you love ESPN their QBR has him at 19th. He's not a good QB anymore, he produced at an average level last year. The two years before that he was worse as he looked like a shell of himself due to injuries.
But he's paid like an elite level QB and they just paid near elite level QB value for him.