Jason Peters said he wanted some more contract stability.
A day later, Jason Peters got some more contract stability.
The Eagles on Wednesday morning signed the veteran left tackle to a one-year extension that will keep him in Philadelphia through the 2019 season.
The next three years on his contract are now worth a maximum of $32.5 million, with $15.5 in guaranteed money and Peters was handed an $8 million signing bonus, according to a league source.
So basically, this deal gives Peters more stability and with the signing bonus, should also give the Eagles some extra cap room this season, when they didn't have much.
Peters, who will turn 36 in January, had two years (2017, 2018) left on his current contract, but was seeking more guaranteed money before he entered this season. He was set to count for $11.7 million against the cap in 2017.
He admitted on Tuesday that part of the reason he stayed away from OTAs was because of his contract (see story).
"A little bit," Peters said. "I want to retire here. I don't want to go anywhere. Plus, I wanted to rest a little bit.
"I show up every year. I don't miss a day. I just wanted to rest a little bit this year."
The Eagles asked Peters to take a pay cut during the offseason in January.
"They're going to send you the lowest bid they can," Peters said. "Nothing against them and nothing against me - it's business."
Peters is entering his 14th NFL season and his ninth with the Eagles. The nine-time Pro Bowler and future Hall of Famer has made it clear that he wants to retire with the Eagles. He has previously said he really wants to try to win a Super Bowl and hopes Carson Wentz will be ready to do that before he retires. While the Eagles have Lane Johnson (on a big contract himself) waiting to be the left tackle of the future, that future got pushed off more Wednesday.
If Peters plays through the 2019 season, he'll be 38.
"Like I said, I want to retire here," Peters said. "I don't want to be year-to-year, doubting. 'Are they going to release me? Are they going to do this?' Taking pay cuts and all of that.
"I want to make sure I have the reassurance that I'm going to retire here, don't have to worry about it, show up and show out."