Via a league source we now have the information on Jason Peters new contract with the Eagles. The contract is a 4 year extension worth a base value of $38.3 million. The contract contains a total guarantee, as reported, of $19.55 million, however just $15.75 million is fully guaranteed upon signing.
Peters received a $5 signing bonus, a $5 million roster bonus, and a fully guaranteed base salary of $1.75 million in 2014. $4 million of Peters’ 2015 $6.8 million base salary is fully guaranteed. If Peters is on the roster the 5th day of the 2015 League Year the balance of his 2015 salary will become fully guaranteed. $1 million of his 2016 base salary is also guaranteed for injury only and will become fully guaranteed if on the roster in 2016.
Peters can earn $250,000 in workout bonuses each year and has $500,000 roster bonuses in 2015 and 2016 that are earned for each game active. He can earn an additional $3 million in escalators based on Pro Bowl and All Pro selections.
Peters cap charge in 2014 dropped by $2 million to $8,292,000.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.