The Philadelphia Eagles announced today that the team had agreed to extend the contract of 32-year-old left tackle Jason Peters. The longtime leader of the offensive line received a four-year, $41.3 million extension. The agreement includes $19.55 million guaranteed and will augment Peters’ current contract which will pay him $9.65 million for the 2014 season. He is now under team control through 2018 and is scheduled to take home $51.3 million total, assuming he stays on the Eagles’ roster through the life of the deal.
Peters and his agent were smart to request a contract extension on the heels of Peters’ best season since he went down with a ruptured Achilles tendon in 2011 and missed the entire 2012 season. Peters approached the Eagles about an extension with one of the most impressive offensive tackle resumes in the NFL in-hand. During his 10-year career, he has been named a first-team All-Pro on two occasions as well as attended six Pro Bowls. Peters was also in a terrific negotiating position after grading as one of Pro Football Focus’ top-five tackles last season.
While Jason Peters’ accomplishments are well-documented, this was an unusually large amount of money to bet on a 32-year-old lineman heading into the twilight years of his career. During his prime, Peters was unquestionably the best athlete at his position, and during the 2012 season that he missed, the Eagles’ offensive line was the worst in football. However, the performance of most offensive linemen quickly deteriorates once they approach their mid-30s.
Regardless, with the Eagles’ offense ascending into the upper echelon of the NFL, the team could not afford to let Peters’ contract situation become a distraction at this critical juncture. This aggressive and expensive extension will ensure that the Eagles have the best offensive line in the NFL for the foreseeable future.