GLENDALE, Ariz. – Arizona Cardinals Pro Bowl cornerback Patrick Peterson will earn $70.05 million over the life of his five-year extension, which was announced Tuesday night. It breaks down to an average of $14.01 million per year, slightly more than Seattle’s Richard Sherman received in May.
Peterson’s signing bonus is $15.36 million, ESPN confirmed.
The Cardinals restructured the final two years of his rookie contract in the process of negotiating the extension. In 2014, Peterson will earn a fully-guaranteed $888,000 base salary -- down $2 million. Next season, the final year of his rookie deal, Peterson will earn $11.6 million. His base, which increased about $1.6 million, is guaranteed for injury and is fully guaranteed five days after the Super Bowl in February.
The first year of Peterson’s extension kicks in in 2016 with a $9.75 million base salary and a $250,000 workout bonus. Again, his salary is guaranteed in the case of injury and becomes fully guaranteed five days after the Super Bowl.
In 2017, Peterson will earn the same base, which is fully guaranteed on the fifth day after that year’s Super Bowl.
A year later he’ll make a non-guaranteed base of $11 million with a $250,000 workout bonus. His 2019 salary is the same as 2018.
In 2020, Peterson will receive a non-guaranteed base of $12.05 million with a $250,000 workout bonus and a $250,000 reporting bonus.