Pretty decent tbh, without Palladino's hefty wage it would be quite good indeed.
Some players have took big paycuts like Amauri and Flamini from their last contracts. I'm quite suprised we got Amauri for 1m tbh, I thought it would of been closer to 1.5m. We have cut the bill of our big earners after losing Giovinco and Floccari this summer.
I made a quick calculation, and Paletta only earns arouns £10,000 a week, that's pretty damn low for a player of his quality, there are players in the Championship in England that can earn that salary at the higher end.
I'm not suprised now that a German club could offer to triple his wages now.