Patrick Peterson announces five-year extension with Cardinals

[Davis_Mike]

Patrick Peterson announces five-year extension with Cardinals

Posted by Curtis Crabtree on July 30, 2014, 12:00 AM EDT

AP

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.

Happy to announce my 5 year extension with @July 30, 2014
​

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.

Peterson’s deal technically makes him the highest paid corner in new money

Posted by Mike Florio on July 30, 2014, 12:12 AM EDT

AP

Continuing a trend among highly-paid cornerbacks to announce their new contracts via Twitter with basic financial information, Cardinals cornerback Patrick Peterson has informed the tweet-watching world that he has signed a five-year, $70 million extension with $48 million guaranteed.

Per a source with knowledge of the situation, the deal is actually with $70.05 million over five years, a minor distinction that makes him the highest-paid cornerback in the NFL based on a new-money analysis. Seahawks cornerback Richard Sherman signed in May four-year, $56 million extension, worth $14 million a year in new money. Peterson’s average is $14.01 million.

While Peterson was a little low on the total amount, he’s also a little high on the guaranteed money. We hope to have more details about the guaranteed money in the morning.

The key for Peterson comes from both shifting the injury risk to the team and getting a big-money extension with two years left on his rookie contract. Sherman and Browns cornerback Joe Haden got their new deals with one year left on existing deals. Peterson becomes the first 2011 first-round pick to get a long-term deal despite having two years remaining under contract.

He deserves every penny. I am happy to see this finally done so we can stop hearing the media talk about a PP holdout.

 

[Cave_Johnson]

Patrick Peterson announces five-year extension with Cardinals

Posted by Curtis Crabtree on July 30, 2014, 12:00 AM EDT
Peterson’s deal technically makes him the highest paid corner in new money

Posted by Mike Florio on July 30, 2014, 12:12 AM EDTHe deserves every penny. I am happy to see this finally done so we can stop hearing the media talk about a PP holdout.

You could have phrased that better.

 

[Davis_Mike]

You could have phrased that better.

Nah, too much PP holdout talk going on...

I call it as I see it.

 

[Davis_Mike]

This was a 5 year extension on top of his 2 remaining years left on his contract. That means he is under contract through 2020.

 

[Scooby-Doo]

Excellent news. Nice to know we have one of the top corners in the league as a Cardinal for several years.

I love what Keim is doing as the GM. Sign the good players while they are still under contract. Something the old regime would have never done.

 

[Sharkonabicycle]

Good signing by the Cards. I still don't think Pat Peterson is #1 in the league (neither does Neon Deion and I'll side with him easily) but he's easily top 3, and he deserves to be paid.

Corners are gaining more and more value in a pass oriented league (so are safeties).

 

[gowazzu02]

Good signing by the Cards. I still don't think Pat Peterson is #1 in the league (neither does Neon Deion and I'll side with him easily) but he's easily top 3, and he deserves to be paid.

Corners are gaining more and more value in a pass oriented league (so are safeties).

Also interesting side note about Corners being more valuable. My rooting interest in College football is WSU. They just got a commit from a 4star running back.......reason he committed, WSU coachs promised he'd suit up as corner and not RB.

The continuing devalue of the RB position is hitting the College and HS ranks. Looks like Dbacks are getting that money now.

 

[NickTheGreek]

Excellent news. Nice to know we have one of the top corners in the league as a Cardinal for several years.

I love what Keim is doing as the GM. Sign the good players while they are still under contract. Something the old regime would have never done.

THe old regime goes back to the Chicago Cardinals. It's in the top 5 of worst run franchises in Sports History considering they've been around since the 1930's. The Bidwill's suck balls and unless you find another HOF QB under a rock, the Arizona Cardinals will continue being a trash organization.

Since you didn't even know the Saints had a top 5 defense last year, there's no way you knew about the deplorable franchise known as the football Cardinals going back to the 30's.

 

[NinerSickness]

Worth every penny.

 

[NickTheGreek]

-1 = The truth hurts but shall set me football free. The Cardinals are in the top 5 worst run franchises in the HISTORY of sports. Just tellin' it like it is, boss!

 

[NickTheGreek]

Worth every penny.

Now if only the 49ers could latch onto an elite CB, you'd likely win the SB and would no longer be NinerSickness.

Didn't you draft Chris Culliver instead of Richard Sherman? Is it true Harbaugh coached Sherman in college? Talk about a blunder of astronomical SuperBowl importance. Your GM should be fired for that 1 call.

 

[The Derski]

92 posts and this Raiders fan is already talking smack. lol

 

[Davis_Mike]

92 posts and this Raiders fan is already talking smack. lol

Just ignore him. He is talking smack about other franchises being poorly run & look who he is a fan of. One of the worst ran franchises in the last 30 years.

 

[NinerSickness]

Now if only the 49ers could latch onto an elite CB, you'd likely win the SB and would no longer be NinerSickness.

Didn't you draft Chris Culliver instead of Richard Sherman? Is it true Harbaugh coached Sherman in college? Talk about a blunder of astronomical SuperBowl importance. Your GM should be fired for that 1 call.

Harbaugh probably knew he was a juice junkie & didn't want to risk it; but yes he slipped through unnoticed. But if the Niners' GM should be fired for that, then 30 other GMs should be fired for passing on him 4 times.

 

[NickTheGreek]

92 posts and this Raiders fan is already talking smack. lol

Just read and learn there doucheback. Plenty of quality in those 90 posts.

Obviously a Raider with my commitment to excellence!


Just win, Baby, and with Derek Carr we're about to be back where we belong!

 

[NinerSickness]

...and with Derek Carr we're about to be back where we belong!

I actually agree wholeheartedly.

 

[NickTheGreek]

Just ignore him. He is talking smack about other franchises being poorly run & look who he is a fan of. One of the worst ran franchises in the last 30 years.

what do you call 1999-2001 ? a top 3 team in the NFL. Between you and Scooby dumb, the cardinals aren't well represented with any intelligence on here.

I'm not going to the 3 rings because it's annoying they're in the 70s and 80's but we still have been to a SB and a couple of AFCCG's since we won our last SB.

Cardinals had 1 lucky SB appearance with a HOF QB brought in to backup Matt Leinart. Otherwise, go back to the 1930's = deplorable. The truth shall set you free.

 

[LPinSLC]

Solid extension.

 

[NinerSickness]

Up next: JJ Watt. That one'll be a dump truck full of gold bars.

 

[NickTheGreek]

Harbaugh probably knew he was a juice junkie & didn't want to risk it; but yes he slipped through unnoticed. But if the Niners' GM should be fired for that, then 30 other GMs should be fired for passing on him 4 times.

Didn't Harbaugh coach him in college, though? That is the crux of the issue. He didn't see his potential and passed on him. I didn't realize the 49ers were risk averse to problem players. It appears they have a few on their roster that've had some law or drug related issues. What franchise hasn't really? Look at Baltimore right now? A sad state of affairs. The Harbaugh bro's run a loose ship.