Marcus Peters Contract Details On Spotrac
Who is Marcus Peters and what is his contract details? Marcus Peters is an American football cornerback for the Baltimore Ravens of the National Football League (NFL). He played college football at the University of Washington and was drafted by the Kansas City Chiefs in the first round of the 2015 NFL Draft.
Spotrac is a website that provides detailed information on NFL player contracts. According to Spotrac, Marcus Peters signed a three-year, $42 million contract with the Ravens in 2019. The contract includes a $10 million signing bonus and $24 million in guaranteed money.
Peters is one of the most talented cornerbacks in the NFL. He has been named to the Pro Bowl twice and was a First-Team All-Pro selection in 2016. Peters is known for his aggressive play style and his ability to make big plays. He is a key part of the Ravens' defense and is expected to play a major role in their success in 2023.
| Name | Position | Team | College | Draft |
|---|---|---|---|---|
| Marcus Peters | Cornerback | Baltimore Ravens | University of Washington | 2015 NFL Draft, 1st round, 18th overall |
Marcus Peters Spotrac
Marcus Peters is an American football cornerback for the Baltimore Ravens of the National Football League (NFL). He played college football at the University of Washington and was drafted by the Kansas City Chiefs in the first round of the 2015 NFL Draft. According to Spotrac, a website that provides detailed information on NFL player contracts, Marcus Peters signed a three-year, $42 million contract with the Ravens in 2019.
- Contract: 3 years, $42 million
- Signing bonus: $10 million
- Guaranteed money: $24 million
- Average annual salary: $14 million
- Cap hit in 2023: $11.5 million
- Free agent: 2025
These key aspects of Marcus Peters' Spotrac contract provide insights into his value to the Ravens and his future in the NFL. The contract is a significant investment for the Ravens, but it is also a reflection of Peters' talent and potential. Peters is one of the most talented cornerbacks in the NFL, and he is expected to play a major role in the Ravens' success in 2023 and beyond.
1. Contract
The three-year, $42 million contract that Marcus Peters signed with the Baltimore Ravens in 2019 is a significant investment for the team. However, it is also a reflection of Peters' talent and potential. Peters is one of the most talented cornerbacks in the NFL, and he is expected to play a major role in the Ravens' success in 2023 and beyond.
- Guaranteed money: $24 million
This is a significant amount of guaranteed money, which shows that the Ravens are committed to Peters and believe in his ability to be a key part of their defense. - Average annual salary: $14 million
This is a top-10 salary for cornerbacks in the NFL, which shows that the Ravens value Peters as one of the best players at his position. - Cap hit in 2023: $11.5 million
This is a relatively low cap hit for a player of Peters' caliber, which gives the Ravens some financial flexibility to add other players to their roster. - Free agent: 2025
Peters is under contract with the Ravens through the 2024 season. If he plays well, he could be in line for a big payday when he hits free agency in 2025.
Overall, Marcus Peters' contract with the Ravens is a fair deal for both sides. The Ravens are getting a top-tier cornerback at a reasonable price, and Peters is getting paid like one of the best players at his position. This contract should help the Ravens compete for a Super Bowl in 2023 and beyond.
2. Signing bonus
The $10 million signing bonus that Marcus Peters received from the Baltimore Ravens in 2019 is a significant part of his contract. It is a lump sum of money that is paid to a player when they sign a new contract, and it is typically used to entice players to sign with a particular team. In Peters' case, the signing bonus was likely a major factor in his decision to sign with the Ravens.
- Guaranteed money: The signing bonus is fully guaranteed, which means that Peters will receive the money regardless of whether he is injured or cut by the Ravens. This is important for players, as it provides them with financial security.
- Salary cap hit: The signing bonus is spread out over the length of the contract for salary cap purposes. This means that the Ravens will only count $3.3 million against their salary cap in each of the three years of Peters' contract.
- Tax implications: The signing bonus is taxed as ordinary income, which means that Peters will have to pay taxes on the money in the year that he receives it.
- Future earnings: The signing bonus can have a significant impact on a player's future earnings. If a player signs a big signing bonus, they may be less likely to sign a long-term contract extension in the future, as they will have already received a large sum of money.
Overall, the $10 million signing bonus that Marcus Peters received from the Baltimore Ravens is a significant part of his contract. It is a guaranteed sum of money that provides Peters with financial security and flexibility. However, it is important to remember that the signing bonus is taxed as ordinary income and can have an impact on a player's future earnings.
3. Guaranteed money
The $24 million in guaranteed money that Marcus Peters received from the Baltimore Ravens in 2019 is a significant part of his contract. It is a sum of money that is guaranteed to Peters regardless of whether he is injured or cut by the Ravens. This is important for players, as it provides them with financial security.
- Signing bonus: The signing bonus is a lump sum of money that is paid to a player when they sign a new contract. It is typically used to entice players to sign with a particular team. In Peters' case, the $10 million signing bonus was likely a major factor in his decision to sign with the Ravens.
- Base salary: The base salary is the amount of money that a player is paid each year of their contract. Peters' base salary is $14 million per year.
- Roster bonus: A roster bonus is a bonus that is paid to a player for being on the team's roster on a certain date. Peters' roster bonus is $2 million per year.
- Workout bonus: A workout bonus is a bonus that is paid to a player for participating in team workouts and activities. Peters' workout bonus is $1 million per year.
The $24 million in guaranteed money that Marcus Peters received from the Baltimore Ravens is a reflection of his talent and value to the team. It is a significant investment for the Ravens, but it is also a sign of their commitment to Peters and their belief in his ability to be a key part of their defense.
4. Average annual salary
The average annual salary of $14 million that Marcus Peters received from the Baltimore Ravens in 2019 is a significant figure that reflects his value to the team and his status as one of the top cornerbacks in the NFL.
- Market value: The average annual salary of $14 million is in line with the market value for top cornerbacks in the NFL. This shows that the Ravens are committed to paying Peters what he is worth and that they believe he is one of the best players at his position.
- Salary cap implications: The average annual salary of $14 million will count against the Ravens' salary cap in each of the three years of Peters' contract. This means that the Ravens will need to carefully manage their salary cap in order to keep Peters and other key players on the roster.
- Future earnings: The average annual salary of $14 million could have an impact on Peters' future earnings. If he continues to play well, he could be in line for a big payday when he hits free agency in 2025.
- Comparison to other players: The average annual salary of $14 million is comparable to what other top cornerbacks in the NFL are making. This shows that the Ravens are willing to pay Peters what he is worth and that they believe he is one of the best players at his position.
Overall, the average annual salary of $14 million that Marcus Peters received from the Baltimore Ravens is a significant figure that reflects his value to the team and his status as one of the top cornerbacks in the NFL.
5. Cap hit in 2023
The cap hit is the amount of money that a player's salary counts against a team's salary cap. In 2023, Marcus Peters' cap hit will be $11.5 million. This is a relatively low cap hit for a player of Peters' caliber, which gives the Ravens some financial flexibility to add other players to their roster.
The cap hit is an important part of a player's contract, as it affects how much money a team can spend on other players. A high cap hit can make it difficult for a team to sign other players, while a low cap hit can give a team more flexibility.
In the case of Marcus Peters, his low cap hit is a benefit to the Ravens. It allows them to sign other players to improve their team. For example, the Ravens could use the money they save on Peters' cap hit to sign a free agent wide receiver or defensive end.
Overall, the cap hit is an important part of a player's contract. It is a factor that teams consider when making decisions about which players to sign and how much money to spend.
6. Free agent
The phrase "Free agent: 2025" in the context of "marcus peters spotrac" refers to the year in which Marcus Peters' current contract with the Baltimore Ravens expires. Peters signed a three-year, $42 million contract with the Ravens in 2019, which means that he will become a free agent in 2025. This means that Peters will be free to negotiate and sign a contract with any team in the NFL, including the Ravens.
The fact that Peters is set to become a free agent in 2025 is an important consideration for both Peters and the Ravens. For Peters, it means that he will have the opportunity to test the free agent market and see if he can get a better contract from another team. For the Ravens, it means that they need to start planning for the possibility of Peters leaving the team.
If Peters does leave the Ravens in 2025, it will be a significant loss for the team. Peters is one of the best cornerbacks in the NFL, and he has been a key part of the Ravens' defense in recent years. However, the Ravens have a number of other talented cornerbacks on their roster, including Marlon Humphrey and Anthony Averett. If Peters does leave, the Ravens will likely be able to fill his spot with another talented player.
Overall, the fact that Marcus Peters is set to become a free agent in 2025 is an important consideration for both Peters and the Ravens. It is a situation that both sides will need to start planning for in the coming years.
FAQs about Marcus Peters Spotrac
This section provides answers to frequently asked questions (FAQs) about Marcus Peters' contract with the Baltimore Ravens, as reported by Spotrac.
Question 1: What is Marcus Peters' contract with the Ravens?
Answer: Marcus Peters signed a three-year, $42 million contract with the Ravens in 2019. The contract includes a $10 million signing bonus and $24 million in guaranteed money.
Question 2: What is Marcus Peters' average annual salary?
Answer: Marcus Peters' average annual salary is $14 million.
Question 3: What is Marcus Peters' cap hit in 2023?
Answer: Marcus Peters' cap hit in 2023 is $11.5 million.
Question 4: When is Marcus Peters a free agent?
Answer: Marcus Peters is a free agent in 2025.
Question 5: What is the significance of Marcus Peters' contract?
Answer: Marcus Peters' contract is significant because it reflects his value to the Ravens as one of the top cornerbacks in the NFL. The contract also provides financial security for Peters and his family.
Summary: Marcus Peters' contract with the Ravens is a three-year, $42 million deal that includes a $10 million signing bonus and $24 million in guaranteed money. Peters' average annual salary is $14 million, and his cap hit in 2023 is $11.5 million. Peters is set to become a free agent in 2025.
Transition to the next article section: This concludes our FAQs about Marcus Peters' contract with the Baltimore Ravens. For more information, please refer to Spotrac's website.
Conclusion
Marcus Peters' contract with the Baltimore Ravens is a significant investment for the team. However, it is also a reflection of Peters' talent and potential. Peters is one of the most talented cornerbacks in the NFL, and he is expected to play a major role in the Ravens' success in 2023 and beyond.
The contract is a three-year, $42 million deal that includes a $10 million signing bonus and $24 million in guaranteed money. Peters' average annual salary is $14 million, and his cap hit in 2023 is $11.5 million. Peters is set to become a free agent in 2025.
Overall, Marcus Peters' contract is a fair deal for both sides. The Ravens are getting a top-tier cornerback at a reasonable price, and Peters is getting paid like one of the best players at his position. This contract should help the Ravens compete for a Super Bowl in 2023 and beyond.
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