Cornerback Patrick Peterson has reached an agreement with the Arizona Cardinals on a five-year contract extension.
Peterson had two more seasons left on his rookie deal with the Cardinals after Arizona picked up the fifth-year option on his contract earlier this offseason. Peterson announced his new deal via his Twitter account.
While we won’t know what the deal is truly worth until getting a closer look at the numbers, Peterson’s deal is right in line with the extensions given to Richard Sherman of the Seattle Seahawks and Joe Haden of the Cleveland Browns this offseason.
According to Peterson’s self-reported numbers, Peterson would bring in more total guaranteed money ($48 million) than Sherman ($40 million) or Haden ($45 million). However, not all of that money is likely fully guaranteed.