After reports were release back in May that the Seattle Seahawks player Richard Sherman had become the highest paid cornerback in the league with a new 4 year contract extension worth $65 million, Cleveland Brown’s Joe Haden quickly stole the shine a week later by announcing his 5 year contract extension which was worth $68 million. While Haden was able to hold onto that title for the past 2 ½ months, he will now be one upped by fellow NFL corner back Patrick Peterson.
After negotiating since February, last night the Arizona Cardinals released a statement announcing a contract extension with Patrick Peterson. Although the team’s announcement did not specify the pay, Peterson followed up via Twitter with a statement of his own stating that the deal is worth $70 million, with $48 million guaranteed-making Peterson the highest paid cornerback in the NFL. The 5 year contract extension will end in 2020. Patrick originally signed a 4 year contract with undisclosed terms back in 2011 after being selected 5th overall in the draft pick. It was reported this morning that Peterson received a $15.3 million signing bonus.