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Ravens sign CB Marcus Peters to three-year extension

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What a trade and sign by Eric DeCosta

New York Jets v Baltimore Ravens Photo by Scott Taetsch/Getty Images

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.

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.