Over the weekend the Minnesota Vikings announced a contract extension for cornerback Xavier Rhodes. He was a first round pick in the 2013 draft and got a five-year, $70 million extension. That is right behind Josh Norman’s five-year, $75 million deal.
With every new cornerback contract, I think of Marcus Peters. The new CBA says you can’t extend draft picks until after their third year so the Chiefs couldn’t give Peters a new deal right now even if they wanted to. He can sign a new deal after this season.
I’m not sure why Peters wouldn’t be the highest paid corner in the NFL. That’s how these contracts work, the young (and good) guys set the market.
I imagine most of you want to keep Peters and most of you want to pay him early so that the Chiefs aren’t in a Justin Houston or Eric Berry situation where they can (rightfully) take you for all you’re worth.
The alternative here is Peters playing out his rookie deal. He has two more years on it so that would take him through the 2018 season. Then the Chiefs can use the fifth-year option on him for the 2019 season. Then the franchise tag in 2020 and perhaps again in 2021.
I’m not sure how this will play out. It’s still very early, obviously. But it’s going to be a huge contract so it’s something we need to be thinking about as the season goes on.