Cards CB Peterson says he’s got 5-year, $70 million deal
PHOENIX — Cornerback Patrick Peterson says he has reached agreement on a five-year, $70 million contract with the Arizona Cardinals, with $48 million guaranteed.
Peterson revealed the terms via Twitter Tuesday night. The Cardinals announced the deal a short time later, but did not disclose the terms.
The agreement keeps Peterson under contract with Arizona through 2020.
Peterson has made the Pro Bowl in each of his three seasons in the NFL, first as a kick returner then the last two years at cornerback, after Arizona made him the No. 5 pick overall out of LSU in 2011.
He had two years left on his original contract after Arizona had picked up its fifth-year option earlier this year.
The personable, self-proclaimed best cornerback in the NFL probably wanted the world to know his deal exceeded those of cornerbacks Joe Haden of Cleveland and Richard Sherman of Seattle.
Haden signed a five-year, $68 million contract with $45 million guaranteed and Sherman got a four-year, $56 million deal with $40 million guaranteed.
Peterson is the first to reach agreement in the initial class of the players subjected to a fifth-year option on their contract. Under the latest collective bargaining agreement, players picked 1 through 10 have a fifth-year option on their contracts that clubs can exercise.
That group includes Cam Newton and J.J. Watt.
Peterson is the first 2011 first-round pick to reach an agreement on an extension. A news conference with Peterson was scheduled for Wednesday morning.
“Want to thank my family, friends and teammates, all of #P2Nation and the best agent in the biz,” Peterson said in another tweet.