It was reported on Tuesday that Arizona Cardinals and cornerback Patrick Peterson were nearing a long term contract extension.

Now it’s an official reality.

Peterson agreed to a five-year, $70 million contract with $48 million of it guaranteed, according to Peterson on Twitter.

The 24-year-old becomes the first 2011 first-round pick to net a contract extension as he was two years away from free-agency. The Cardinals exercised their fifth-year player option already for 2015 for $10.081 million. So the contract will likely begin after the 2015 season in which his salary will grow tremendously.

Peterson joins the Seattle Seahawks Richard Sherman and Cleveland Browns Joe Haden in cornerbacks receiving contract extensions this off-season.

Peterson has been a star through his first three seasons in the league after being a first round pick of the Cardinals out of LSU. He hasn’t missed any games and has 12 interceptions, nine fumble recoveries and a sack.

The Cardinals are comforted knowing they have one of the best defensive backs in the game locked up for a long time. ESPN’s Adam Schefter tweeted Wednesday morning that Herm Edwards, an analyst at the network, said he has the best ball skills for any defensive back since Deion Sanders. That’s high praise for a former NFL defensive back and head coach.

 

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