Ravens extend Pro Bowl CB Marcus Peters for three years, $42 million

Ben Weinrib
·Yahoo Sports Contributor

The Baltimore Ravens traded for Pro Bowl cornerback Marcus Peters in October, and now he’s going to stick around for the foreseeable future.

The 26-year-old former first-round pick agreed to a three-year extension, the team announced on Saturday. ESPN’s Adam Schefter reported the deal is worth $42 million with $32 million guaranteed.

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Baltimore acquired Peters from the Los Angeles Rams for a backup linebacker and fifth-round pick when L.A. wanted to make way for Jalen Ramsey. That could hardly have worked better for the Ravens, who have held opposing quarterbacks to a 78.9 quarterback rating this season, second only to the New England Patriots.

Peters has been excellent in his nine games in Baltimore with three interceptions — two returned for touchdowns — and 38 total tackles. Since his debut in 2015, Peters’ 27 interceptions are nine more than any other player.

Peters’ deal has a unique structure

The Ravens are one of a flurry of teams signing players to extensions before the offseason starts, and, like many those players, Peters was about to hit free agency.

Instead of going for a big five-year deal like plenty of other star cornerbacks, Peters opted to make the rare choice of signing a three-year pact, which should allow him to cash in on another big deal in the future.

Still, Peters' $32 million in guarantees is eighth-largest among all cornerbacks despite the seven larger contracts all lasting five years. Meanwhile, his $14 million average annual value trails only Josh Norman, Trumaine Johnson and Patrick Peterson, and his 72 percent guaranteed rate is a record for corners.

Baltimore Ravens cornerback Marcus Peters falls back in coverage against the New York Jets during the second half of an NFL football game, Thursday, Dec. 12, 2019, in Baltimore. (AP Photo/Gail Burton)
Marcus Peters signed a three-year extension with the Ravens on Saturday. (AP Photo/Gail Burton)

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