Cardinals, Patrick Peterson agree to 5-year, $70M extension

July 30, 2014 - 6:38 am

The Cardinals have agreed to a five-year contract extension with Pro Bowl cornerback Patrick Peterson, the team announced Tuesday. Arizona didn't provide any further details on the extension, which will keep Peterson under contract through 2020. Peterson said on Twitter Tuesday night the deal is worth $70 million with $48 million guaranteed, which makes him the highest-paid cornerback in the NFL.

Peterson's deal surpasses contracts recently signed by the Browns' Joe Haden (five years, $68 million) and Seahawks' Richard Sherman (four years, $56 million). Peterson will hold a news conference Wednesday.