Jason Peters was Pro Football Focus’ #1 offensive tackle in 2011 and by a large margin, dominating as both a run and pass blocker. However, he tore his Achilles in 2012 and missed the entire season. He came back in 2013 and he wasn’t the same player, but it would have been hard to be as good as he was in 2011 regardless. His season was still very impressive, especially for someone coming off the kind of injury he was coming off of, as he graded out as Pro Football Focus’ 4th ranked offensive tackle. He was also Pro Football Focus’ 13th ranked offensive tackle in 2010 and 21st ranked offensive tackle in 2009.
Peters already had one year worth 9.65 million dollars left on his deal and this deal adds 38.65 million dollars over 4 years to that original deal (with an extra 3 million available through Pro Bowl escalators). This deal is total 48.3 million over 5 years. Giving someone going into his age 32 season with this kind of injury history (he also missed 9 games from 2008-2011 and 2013 was his first 16 game season since before 2008) this kind of money might seem a little excessive, but he’s definitely more than deserving of this money at his best.
The average annual salary of 9.66 million is 6th in the NFL, right ahead of Branden Albert, who got 46 million over 5 years this off-season as the open market’s highest paid offensive tackle. Peters is a significantly better player than Albert. Albert also got 25 million guaranteed, while Peters’ guarantee is just 19.55 million guaranteed, significantly less than Albert’s. It’s even less guaranteed when you take into account that about half of that (9.65 million) is money he would have gotten regardless of this extension as they would not have cut Peters going into his contract year.
It’s really only 9.9 million in new guarantees and the Eagles can get out of this as a 2-year, 19.55 million dollar deal for his age 32 and 33 seasons if they want to. His cash salaries for his non-guaranteed years in 2016, 2017, and 2018 are 8.3 million, 10.2 million, and 10.25 million respectively. They would probably not have been able to re-sign him to a deal with just 9.9 million guaranteed next off-season. This was a low-risk, forward thinking, and team friendly deal for a team to keep their incredibly valuable and incredibly talented blindside protector during what still seem to be his peak years.