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Patrick Peterson Signs 5 year 70 Million$ Extension

 
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LuckyNumber11


Joined: 01 Aug 2011
Posts: 5523
Location: Nebraska
PostPosted: Wed Jul 30, 2014 12:00 am    Post subject: Patrick Peterson Signs 5 year 70 Million$ Extension Reply with quote

@RapSheet: Wow RT @RealPeterson21: Happy to announce my 5 year extension with @AZCardinals! $70M and $48M Guaranteed!! #AZCardinals #P2Nation
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RaidersAreOne


Joined: 28 Jun 2008
Posts: 9395
Location: Canada, but don't worry... i'm not one of those damn dirty french.
PostPosted: Wed Jul 30, 2014 12:02 am    Post subject: Reply with quote

Too much for my liking. Good thing you got Veldheer so cheap. Wink
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LuckyNumber11


Joined: 01 Aug 2011
Posts: 5523
Location: Nebraska
PostPosted: Wed Jul 30, 2014 12:03 am    Post subject: Reply with quote

RaidersAreOne wrote:
Too much for my liking. Good thing you got Veldheer so cheap. Wink


You know I agree it's a lot of money but you have to pay to keep your cornerstones, and it helps that they continue to raise the cap.
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TheMachONE


Joined: 13 Jan 2014
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PostPosted: Wed Jul 30, 2014 12:33 am    Post subject: Reply with quote

YEET


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LuckyNumber11


Joined: 01 Aug 2011
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PostPosted: Wed Jul 30, 2014 12:34 am    Post subject: Reply with quote

I'm happy about it
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younggun1273


Joined: 14 Jan 2007
Posts: 7212
Location: Tempe
PostPosted: Wed Jul 30, 2014 2:06 am    Post subject: Reply with quote

This is awesome. I am definitely glad to hear that he is locked up until he is 30.
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DJ_Fka


Joined: 13 Jan 2009
Posts: 5185
Location: Brisvegas, Land Down Under
PostPosted: Wed Jul 30, 2014 3:52 am    Post subject: Reply with quote

Devil is in the detail

No more cheap Cards

Good work Bidwell, get it done now, so not a distraction throughout the year.

Wonder if this is the final nail in Larry's and DW's coffin?

We will need the cap space next year (assuming it kicks in there)
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LuckyNumber11


Joined: 01 Aug 2011
Posts: 5523
Location: Nebraska
PostPosted: Wed Jul 30, 2014 12:39 pm    Post subject: Reply with quote

I feel as though someone smarter than I will find these tweets more valuable

@mikejurecki: Source: Patrick Peterson 5 yr extension 70M w/ 47.5 guaranteed, 15.5M in Signing bonus. He had two years left on his rookie deal. #CardsCamp

@JasonPhilCole: Interesting "pay as you go" contract for Patrick Peterson. But only real guarantee right now is $15.3M. Can get to $47.3M guar over 4 years.
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LuckyNumber11


Joined: 01 Aug 2011
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PostPosted: Wed Jul 30, 2014 1:20 pm    Post subject: Reply with quote

Contract Details:

http://profootballtalk.nbcsports.com/2014/07/30/the-full-patrick-peterson-contract-details/
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khodder


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Joined: 19 Dec 2005
Posts: 50829
Location: New New York
PostPosted: Wed Jul 30, 2014 2:47 pm    Post subject: Reply with quote

If you look at the supposed structure of the deal according to Spotrac, it paints an interesting picture;

1 - With two years left on the deal; This 5 year extension is actually closer to a 3 year extension. Peterson is due $23M over the final two years of this deal and neither of those years involve any cap issues if he was to be cut.

2 - The 2015 season holds the highest cap number of any year of the next seven. This is a clear move away from the type of contract that Rod Graves tended to prefer.

3 - In terms of what he is being paid, compared to a Revis/Sherman APY it is not too big.

4 - Peterson was already going to be earning 10+M in 2015 and beyond so the increased with this extension are relatively minor.
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