The Cardinals’ CB becomes the highest paid corner in the league after making the Pro Bowl every year since his rookie season.
The Arizona Cardinals announced a contract extension for Pro Bowl CB Patrick Peterson. Peterson’s deal is for $70 million with $48 million guaranteed. He posted about it on Twitter:
— Patrick Peterson (@RealPeterson21) July 30, 2014
Peterson was the 5th overall selection out of LSU in 2011. As a rookie he was named to the Pro Bowl and All-Pro teams as a kick returner – leading the league with 4 punt return TDs, 699 punt return yards (2nd most in NFL history) and an NFL record 99-yard punt return TD. In 2012 Peterson was named to the Pro Bowl as a CB after recording 7 INTs. And in 2013 Peterson was named to his 3rd straight Pro Bowl and 2nd All-Pro selection after recording 3 INTs and 3 forced fumbles.
Since the new Collective Bargaining Agreement (CBA) was signed in 2011, no teams were allowed to renegotiate new contracts with 1st round draft picks until after 3 years with that player on the team. Peterson becomes the first 2011 first-round pick to get an extension.