The Eric DeCosta era is just beginning and the first-year general manager is capping 2019 with the cornerback he believes in. According to ESPN’s Adam Schefter, the Ravens and Marcus Peters have agreed to a three-year, $42 million extension, with $32 million guaranteed.
Ravens and Pro Bowl CB Marcus Peters agreed to 3-year, $42 million extension that includes $32 million guaranteed, which is 76 percent of total contract, per source. Deal will pay Peters $20.5M in year 1. The 3-year deal would allow him to hit the free-agent market when he’s 29.— Adam Schefter (@AdamSchefter) December 28, 2019
This deal puts Peters with an annual average value (AAV) of $14 million. Per overthecap, that puts Peters in the same field as Kyle Fuller, and a stones throw from Patrick Peterson and Xavier Rhodes. The top-paid cornerback in terms of AAV is Xavien Howard, at $15.05 million.
The big factor here is $32 million guaranteed and the first-year cap hit. With just under 50% of the cap hit coming in year one, the Ravens are not strapped to Peters long term if things deteriorate. However, I strongly expect Peters and the Ravens to finish this deal. He’s brought some much-needed continuity on the opposite side of Marlon Humphrey, he’s made big plays and appears to love the team he’s battling for week after week.
His teammate, Humphrey, is also a big fan, suggesting Peters should at least be in the DPOY conversation.
Marcus Peters has 3 pick sixes ( 5 int total), game winning pass break up against the Bills, and improved the Ravens defense in every category by multiple spots. But still doesn’t even get mentioned in DPOY conversation. Not saying he should win but idk what more could you do.— Fruit PUNCH (@marlon_humphrey) December 28, 2019