Ravens, Pro Bowl cornerback Marcus Peters reach contract extension

December 28, 2019 | Luke Jones

A critical component of the remarkable in-season transformation of the Ravens defense will be sticking around beyond the 2019 season.

Just 2 1/2 months after being acquired from the Los Angeles Rams, Pro Bowl cornerback Marcus Peters has agreed to a three-year contract extension worth $42 million and $32 million guaranteed, according to ESPN’s Adam Schefter. The deal runs through the 2022 season and makes Peters one of the eight highest-paid cornerbacks in the NFL in terms of both average annual value and guaranteed money, according to OverTheCap.com.

With the Ravens having endured numerous injuries in the secondary and ranking 25th in pass defense after Week 6, general manager Eric DeCosta sent disappointing inside linebacker Kenny Young and a 2020 fifth-round pick to the Rams for Peters. The move lacked the fanfare — or long-term risk — of Los Angeles’ decision to then trade two first-round picks and a fourth-round selection to Jacksonville for disgruntled Pro Bowl cornerback Jalen Ramsey, but Peters’ arrival brought immediate dividends for Baltimore, who has climbed all the way to seventh in pass defense entering Week 17.

Despite logging only two practices with the Ravens and flying across the country twice in less than three days, the 26-year-old returned a Russell Wilson pass 67 yards for a touchdown in his Ravens debut, a 30-16 win at Seattle. Peters also returned a pick for a score against Cincinnati in Week 10, giving him a league-leading three interceptions returned for touchdowns this season. The outspoken cornerback also preserved a 24-17 win in Buffalo with a fourth-down pass breakup in the final minutes of Week 14.

Pro Football Focus has graded Peters as the third-best cornerback in the NFL this season, an effort that resulted in the 6-foot, 197-pound defensive back being named to his third Pro Bowl earlier this month.

The financial commitment to Peters is the latest example of DeCosta and the Ravens subscribing to the analytics-minded approach of prioritizing coverage on the back end above all else defensively. Even with veteran Jimmy Smith scheduled to become a free agent, Baltimore has the cornerback trio of Peters, fellow Pro Bowl cornerback Marlon Humphrey, and slot man Tavon Young under control through at least the 2021 season while Pro Bowl safety Earl Thomas is signed through 2022 and fellow starting safety Chuck Clark is under contract through next season.

Having a reputation as a polarizing player both on and off the field prior to his arrival, Peters has been labeled a cornerback “savant” by defensive coordinator Wink Martindale and has fit in well with a defense that’s been one of the NFL’s best since the first month of the season.

Kansas City’s 2015 first-round pick out of Washington, Peters has the most interceptions (27) in the NFL by a wide margin over the last five seasons and is tied for fourth in the league with five interceptions this season. He’s also collected 52 tackles and 14 pass breakups in 15 games split between the Ravens and Rams in 2019.