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The full Patrick Peterson contract details

Peterson Getty Images

It took a little while, but we’ve gotten our hands on the full details and financial terms of the Patrick Peterson contract.

As Peterson first reported last night (Pulitzer!), it’s a five-year extension worth $70 million.  (Actually, $70.05 million, and the $0.05 million is important.)  The signing bonus is $15.361 million.  Coupled with a fully-guaranteed base salary of slightly more than $888,000, Peterson is guaranteed to receive $16.25 million at signing — all of which will be earned in 2014.

For 2015, he gets a $100,000 workout bonus and a base salary of $11.619 million.  Guaranteed for injury only at signing, the 2015 base salary converts to a full guarantee on the fifth day of the 2015 waiver period.

In 2016, Peterson is eligible for a $250,000 workout bonus.  His base salary of $9.75 million is fully guaranteed for injury only.  It converts to a full guarantee on the fifth day of the 2016 waiver period.

The same base terms apply in 2017, with the base salary fully guaranteed by the fifth day of the 2017 waiver period.  (Apparently, a sizable chunk of the 2017 base salary becomes fully guaranteed in 2016.)

In 2018, Peterson can earn a $250,000 workout bonus and an $11 million non-guaranteed base salary.  Ditto for 2019.

For 2020, there’s a $250,000 workout bonus, a $250,000 reporting bonus, and a non-guaranteed base salary of $12.05 million.

It add ups to $14.01 million per year over the five new years on a new-money analysis.  For the full seven years, Peterson will earn $83.019 million.  That’s an average of $11.859 million per year, with the two existing contract years included in the calculation.

So how does Peterson’s deal compare to other big cornerback deals?  We’ll put some together that breaks the deals down from a variety of angles later this afternoon.

And the over/under on the number of you actually anxious to see that is 2.75 percent.

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26 Responses to “The full Patrick Peterson contract details”
  1. RegisHawk says: Jul 30, 2014 1:18 PM

    70.05 million total
    – 11 million non-guaranteed for 2018
    – 11 million non-guaranteed for 2019
    – 12.05 million non-guaranteed for 2020

    Means, at best 36 million guaranteed.

  2. rolanddeschain17 says: Jul 30, 2014 1:19 PM

    It’s funny how salty Patrick Peterson is. He hides his inferiority behind the Seahawks running a simpler scheme and Sherman playing a particular side of the field more. Compare their stats and passer ratings allowed in direct man coverage against #1 WRs, and Sherman SMOKES him.

    Sorry Peterson, but people that really know what they’re talking about aren’t fooled. Sherman’s #1 WR man coverage stats blow yours away.

  3. thepftpoet says: Jul 30, 2014 1:22 PM

    The best CB in the NFL is Darelle Revis.

    Closely followed by Xavier Rhodes and Captain Munnerlyn.

  4. sjsuguy says: Jul 30, 2014 1:25 PM

    Best CB in the league. He plays the other teams #1 WR 100% of the time.

  5. jeffnfl says: Jul 30, 2014 1:26 PM

    Patrick Peterson is salty, Roland??? YOU sound salty.

    It’s not that he plays a particular side of the field, it’s that he faces #1 WR’s less than 2’s and 3’s. In man coverage, Sherman would not thrive as he does now. Without Earl Thomas and what he does for that Seahawks D, again, he would not thrive as he does now. Period.

    Sherman shadowed ZERO WR1’s in 2013. Peterson? 11.

    Sherman face WR1 27% of time, WR2 31% and WR3 13%

    Peterson? 55%, 17%, 12% respectively.

    It’s not close.

  6. rolanddeschain17 says: Jul 30, 2014 1:34 PM

    Jeffnfl, the Seahawks don’t need to shadow anybody. You have your best corner shadow the best receiver if your defense isn’t good enough to stop opposing offenses; truly elite defenses don’t need to shadow anybody.

    Also, go watch “The Tip” from the NFCCG. Earl Thomas is nowhere near Sherman when he ruins the 49ers’ season. :) You keep on making excuses though, I’m sure some people buy ‘em!

  7. Mr. Wright 212 says: Jul 30, 2014 1:34 PM

    Sherman is still better, regardless of what Arizona pays Peterson.

  8. floratiotime says: Jul 30, 2014 1:36 PM

    That should pretty much end any playoff hopes they had. Welcome to the inner circle of Cap Hell.

  9. don2074978 says: Jul 30, 2014 1:37 PM

    Bravo Zulu PP21

  10. RegisHawk says: Jul 30, 2014 1:40 PM

    Actually, Sherman would do as well or better than Peterson in man coverage. The fact that the Seahawks do not play man coverage has nothing to do with that. People just can’t make that distinction.

  11. 12dat says: Jul 30, 2014 1:44 PM

    He does not play the opponent’s #1 WR 100% of the time. He plays the opponent’s #1 WR 55% of the time.

  12. slugbaitspace says: Jul 30, 2014 1:50 PM

    sjsuguy says:
    Jul 30, 2014 1:25 PM
    Best CB in the league. He plays the other teams #1 WR 100% of the time.
    ————————
    Yeah, and those #1s burned him for seven touchdowns last year. Opposing QBs loved their 91.3 rating against him, too.

  13. arzcardinals says: Jul 30, 2014 1:53 PM

    Revis hasn’t proved he’s over the injury
    Sherman is a one truck pony playing one side
    Peterson matches up outide, inside and in the slot.
    All in all I’m happy as a Cards fan. It’s a good deal

  14. luz56 says: Jul 30, 2014 1:56 PM

    I think this is great news but how many times have I read about athletes whining about being underpaid towards the last years of SIGNED contracts…..can’t wait to hear the complaining in 2018

  15. donnymacjack says: Jul 30, 2014 2:11 PM

    The reality of playing against a #1, #2, or #3 receiver in the NFL is like comparing Ferrari’s, Lambo’s and McLaren’s. They are all super cars and not much separates one from the other.

    Sure there are the Calvin Johnson’s of the world out there, but how many are there like him? The truth is it doesn’t matter which WR you’re covering because they all are super talented in the NFL.

    The other reality is that the only teams that use one guy to “shadow” an opponent’s best WR are the teams that HAVE to shadow them because the rest of their team doesn’t have the talent to do it as a cohesive unit. Seattle happens to have two of the top safeties in the league and another tall, young, technique-sound CB in Maxwell. Plus they have a D-line that can both stop the run and sack the QB.

    So any CB that rates themselves better than another because they “shadow” another team’s #1WR is really admitting that he has to shadow the guy because his teammates suck.

    Feel free to click a thumbs down on this, but it doesn’t matter which team/players you are a fan of the above is true. It’s one of the reasons we all love this game so much…the talent level is unbelievably good across the league.

  16. arrowtoyourknee says: Jul 30, 2014 2:13 PM

    rolanddeschain17 says: Jul 30, 2014 1:19 PM

    It’s funny how salty Patrick Peterson is. He hides his inferiority behind the Seahawks running a simpler scheme and Sherman playing a particular side of the field more. Compare their stats and passer ratings allowed in direct man coverage against #1 WRs, and Sherman SMOKES him.

    —————————————-

    …Unless Sherman is covering Jarius Wright, then he gets burned for a pair of touchdowns thrown by Christian Ponder.

  17. whereyaat says: Jul 30, 2014 2:14 PM

    @rolanddeschain17

    Here, let me fix your comment for you:

    It’s funny how salty Seahawks fans are. They hide their inferiority by posting on every Cardinals article they can find. Compare their ability to play against the Cardinals to last season’s results, and they simply get owned at home.

    Sorry Seahawks fans, but people that really know what they’re talking about aren’t fooled. The Cardinals blew you away the last time we played. In Seattle.

  18. supesfan34 says: Jul 30, 2014 2:28 PM

    whereyaat says:
    Jul 30, 2014 2:14 PM

    Sorry Seahawks fans, but people that really know what they’re talking about aren’t fooled. The Cardinals blew you away the last time we played. In Seattle.

    —————————————————

    I didn’t realize that a 7 point loss meant that a team was “blown away”…

  19. kentonjk says: Jul 30, 2014 2:33 PM

    Dayum!

  20. goldrush36 says: Jul 30, 2014 2:38 PM

    Can’t believe I’m about to say this…. BUT when Crabtree goes up against Peterson he usually sets a new career high. He doesn’t do that against Sherman. Now with that said based on athletic ability, versatility, and likeability I would take Peterson over Sherman in a heartbeat, but as a pure cover corner I haven’t been overly impressed by PP, but I also admittedly don’t watch much of him outside of Niners games. Sometimes a guy just has trouble with a particular receiver. I am interested to see if Sherman can hang without being able to molest receivers every snap.

  21. touchdownroddywhite says: Jul 30, 2014 2:39 PM

    ^It was a seven point loss in Seattle which easily equats to a 3 score game in other cities. Hence why the Hawks aren’t getting much love in home games being televised in prime time.

  22. donnymacjack says: Jul 30, 2014 3:07 PM

    The Cards beat the Hawks in their house, not much to argue there. But it certainly doesn’t mean any one player from either team is better than the other.

    It just means the Cards played a better game much like the Hawks did in Phoenix. Or maybe more importantly it shows how good the NFC West is.

    I think the Cards would be a better team with a QB that had more mobility. Pretty amazing that Palmer lived through the season given the hits and sacks he took. If he had a little bit of Wilson or Kaep in him I bet the Cards would’ve won at least one more game, if not two.

  23. don2074978 says: Jul 30, 2014 3:12 PM

    The reason that Sherman has only one TD is that he would rather take a chance on a penalty than a reception.

    I mean the whole seaduck pass defense philosophy is based on the idea ” the refs won’t call it every play”… Which may change this year

  24. jwcarlson says: Jul 30, 2014 3:26 PM

    I think it’s hilarious that Seahawk fans are basically complaining that the cornerback they think is the best in the league and their favorite team just signed to an extension is getting paid less.

    If you think he’s the best and he’s a bit cheaper, wouldn’t you be happy a division rival is overpaying for someone who isn’t as good.

    Seahawk fans are brainless.

  25. don2074978 says: Jul 30, 2014 3:55 PM

    @donnymacjack

    Had to thumb down your comment on Palmer.

    He can do just fine when the O-line does it’s job and everyone is on the same page. And being on the same page is difficult with a new coach. But the proof of that is in the results and stats if you throw out the first 8 games. If the Cards had made the playoffs they would have been the most DANGEROUS team at the dance.

    Dumping Levi Brown and replacing him with Bradley Sowell was not a bad move either. With Veldheer as the New LT and Sowell as backup RT/LT and Cooper back at LG Palmer should have a much cleaner uniform

    Whereas Kap and Wilson are one hit away from leaving the field. Kind of like Michael Vick

  26. Mr. Wright 212 says: Jul 30, 2014 4:49 PM

    donnymacjack says:
    Jul 30, 2014 2:11 PM
    The reality of playing against a #1, #2, or #3 receiver in the NFL is like comparing Ferrari’s, Lambo’s and McLaren’s. They are all super cars and not much separates one from the other.

    Sure there are the Calvin Johnson’s of the world out there, but how many are there like him? The truth is it doesn’t matter which WR you’re covering because they all are super talented in the NFL.

    The other reality is that the only teams that use one guy to “shadow” an opponent’s best WR are the teams that HAVE to shadow them because the rest of their team doesn’t have the talent to do it as a cohesive unit. Seattle happens to have two of the top safeties in the league and another tall, young, technique-sound CB in Maxwell. Plus they have a D-line that can both stop the run and sack the QB.

    So any CB that rates themselves better than another because they “shadow” another team’s #1WR is really admitting that he has to shadow the guy because his teammates suck.

    Feel free to click a thumbs down on this, but it doesn’t matter which team/players you are a fan of the above is true. It’s one of the reasons we all love this game so much…the talent level is unbelievably good across the league.
    ————–

    This is factual, and it’s what I have been saying (along with film) all along, both having played the game outside of pick up sandlot and Madden like the majority of these clowns commenting.

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