The deal offers a maximum price of $10 million and includes $5.5 million in guarantees, according to a league source. There are incentives linked to playing time in the contract that will help determine how much Peters makes.
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The Eagles were coming the deadline to practice Peters’ 20-19 option, which could have cost about $1 1 million from the cap. As an alternative, they struck a fresh deal.
Peters, 37, has assembled what some consider a Hall of Fame career. He’s been appointed to eight Pro Bowls and it has twice been selected first team All-Pro.
Injuries have slowed some within the past few seasons. Peters was coming off a torn ACL last year and suffered a torn biceps during the season but still managed to begin all 16 games.
Even the Eagles are bullish on some of the young tackles, including former Australian league soccer participant Jordan Mailata, nevertheless chose to bring the veteran spine again to protect Carson Wentz‘s blind-side for another season.