Vincent Taylor, the agent for Eagles LT Jason Peters, announced (per Mike Garafolo) Thursday that the parties agreed to renegotiate Peters’ contract and it’s not worth up $8 million and includes $4 million guaranteed.
The Eagles have already confirmed the news:
The #Eagles have signed Jason Peters to a restructured contract for the 2020 season.
— Philadelphia Eagles (@Eagles) September 10, 2020
Peters initially resisted moving to left tackle after the team signed him to a one-year, $3 million contract with the intention of him playing right guard and replacing Brandon Brooks, who suffered a torn Achilles a few months ago.
However, Peters changed his mind earlier in the week and opted to make the move back to his old position, which led to some speculation that the team could rework his contract to do right by him.
Peters, 38, originally signed on with the Bills as an undrafted free agent out of Arkansas back in 2004. He spent five years in Buffalo before being traded to the Eagles in 2009.
Peters signed a four-year, $53 million extension in Philadelphia after the trade. Last year, Peters signed another one-year extension worth $6 million for the 2019 season.
Philadelphia brought Peters back on a one-year, $3 million contract this past June.
In 2019, Peters started 13 games for the Eagles at left tackle. He was Pro Football Focus‘ No. 6-ranked tackle out of 83 qualifying players.