It came as little surprise, given the circumstances and previous reports that it was going to happen, but the Cardinals officially executed the fifth-year team option on the rookie contract of Patrick Peterson today. The option is for the 2015 season, and will pay Peterson a little more than $10 million. More importantly, it gives the Cards some breathing room as they move toward a long-term contract extension. Peterson was at the facility today (although I didn’t get a chance to talk to him.) Without the option, Peterson would have been an unrestricted free agent after the season.
What the timeline will be for a Peterson extension is unknown. This isn’t a new subject. The option year means the Cards aren’t really under any pressure to get a new deal done yet — this could be complicated, since Peterson is going to want a hefty new contract — but General Manager Steve Keim has left little interpretation about Peterson’s future. Peterson isn’t going anywhere. He has joined Larry Fitzgerald as one of the faces of the franchise, and that isn’t going to change.
The contract is part of the reason a guy like Antonio Cromartie gets only a one-year deal. There are other factors, of course, but in part it’s because the Cards will have a significant investment in the other starting cornerback. Given needs across the depth chart, having to pay both starting CBs big money probably isn’t feasible in this salary-capped world. Given who is involved, with Keim and Peterson, I still expect this to come out with relatively few issues. It might not happen right away, but it’s going to happen.
Tags: contract, Patrick Peterson, Steve Keim
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