- Arizona officially exercised Peterson’s fifth-year option a little over a week ago, so he will be under team control for at least the next two years.
Cardinals GM Steve Keim mentioned a few months ago that they have met with Peterson’s agent regarding a contract extension that would keep him in Arizona for a “long time.”
“We have had a lot of good conversations between Joel [Segal] and myself,” Keim said at the time. “I expect them to be ongoing.”
While it would probably make sense to get a deal in place before they would have to pay him $10.081 million for the 2015 season, Peterson would probably be wise to wait until Seahawks CB Richard Sherman signs his next contract given that he is expected to land a record breaking deal.
Peterson, still just 23 years old, has quickly established himself as one of the best cornerbacks in the league and is even in the discussion for the best athlete in the game.
Last year, Peterson appeared in all 16 games and totaled 42 tackles, three interceptions and 13 pass defenses while contributing 198 punt return yards.
Pro Football Focus rated Peterson the No. 16 cornerback in the 2013 season.