The team has leverage, owning Peterson’s rights the next two year after exercising his fifth-year option earlier this offseason. The Cardinals can still franchise tag him the following year, limiting Peterson’s negotiating power even further.
Peterson will likely seek an extension rivaling that of his former NFC West coverage expert Richard Sherman. Sherman signed a four-year extension with the Seahawks earlier this offseason, worth $56MM with $40MM in guaranteed money.
Peterson has been selected to the Pro Bowl in each of his three seasons, and been an All-Pro twice already.
When asked if he thinks he is worth more than Sherman, he answered, “I think I am but at the end of the day both sides have to agree to terms and we’ll see what those terms are.” That thinking could mean the Cardinals will have to write a huge check in the near future.
He did state that he is committed to being a Cardinal. “I think I’ll be here for a while,” Peterson said. “That’s a definite guarantee, I’ll be here for a while.”