The Oakland Raiders and Cincinnati Bengals have completed a trade that would send quarterback Carson Palmer to Oakland in exchange for a 2012 first-round pick and a conditional pick in 2013, according to Fox Sports’ Jay Glazer.

The Redskins, who find themselves in the middle of yet another quarterback controversy, passed on a chance to acquire the two-time Pro Bowl quarterback – or any other passer for that matter -- this past offseason.

Instead, Coach Mike Shanahan expressed – and continues to express – confidence that Rex Grossman and John Beck can get the job done.

In seven seasons, Palmer, who said he would rather retire than play for the Bengals again, has passed for 22,694 yards, 154 touchdowns and 100 interceptions while completing 62.9 percent of his passes.

Now it appears the California native and former USC star will get a fresh start.

In his nine-year career, Rex Grossman has passed for 8,213 yards, 46 touchdowns and 49 interceptions while completing 54.4 percent of his passes. Beck, meanwhile, has appeared in only six games in his career.

The Redskins obviously considered the Bengals’ asking price too high, and now seem determined to build their team through the draft instead of trading draft picks (especially first-rounders) to acquire talent.

What say you? Were the Redskins right to hang on to their picks and take the patient approach at quarterback? Palmer will turn 32 this December. Did the Raiders give up too much for a quarterback whose prime may be behind him?