The Arizona Cardinals have continued the trend of signing high-profile cornerbacks as the team and Patrick Peterson have come to an agreement on a five-year contract extension worth $70 million with $48 million guaranteed.
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With this contract extension, Peterson becomes the highest paid corner in the NFL and surpasses the deals that the Cleveland Browns' Joe Haden (five years, $68 million) and Seattle Seahawks' Richard Sherman (four years, $56 million) received earlier this offseason.
Happy to announce my 5 year extension with @AZCardinals! $70M and $48M Guaranteed!! #AZCardinals #P2Nation #YearOfTheCardinal
— Patrick Peterson (@RealPeterson21) July 30, 2014
Peterson and the Cardinals have been negotiating a contract extension for most of the offseason, but it wasn’t until Friday that the talks heated up. Soon after the two sides met last week, a new deal was inevitable before the season’s start.
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Peterson is a three-time Pro Bowler and a two-time All-Pro who’s 2011 draft class was the first to enter the league under the NFL’s most recent collective bargaining agreement. Under the agreement, all first-round pick are required to sign a four-year deal with an option for a fifth season.
Peterson has done it all for the Cardinals in his three seasons as he has 12 career interceptions as well as four punt return touchdowns from his rookie season. Peterson has also played on offense for Arizona and is the first defensive player since the merger to have a reception and completion in the same game.
[ESPN]
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