Eagles Sign Jason Peters to 5 Year Contract Extension

The Philadelphia Eagles have officially confirmed a new contract extension for veteran left tackle Jason Peters. Peters, who originally would have been due $10M on the last year of his deal in 2014, is now signed with the Eagles until 2018. The terms of the contract include $51.3 million over 5 years, with $19.55 million guaranteed.

Peters, 32, excelled in his first year playing in Chip Kelly's offense. His athleticism made him a perfect fit. He was arguably one of the best offensive tackles in the league. Peters was a critical part of an offensive line that blocked for the NFL's leading rusher LeSean McCoy. Peters' 2013 performance earned him the following honors:

• 2013 AP NFL All-Pro Team (5th time)

• 2014 NFL Pro Bowl (6th time)

• 2013 PFWA All-NFC Team

There was also a case for Peters as the NFL's Comeback Player of the Year award. Peters missed the entire 2012 season with a twice-torn Achilles injury. The Eagles majorly struggled without him that year, but his presence in 2013 made a world's difference. Peters battled through a number of injury that didn't often prevent him from playing (broken finger, injured shoulder) last year, but they make his season seem even more impressive looking back.

Eagles GM Howie Roseman had the following to say about Peters:

"Jason is everything you look for in a left tackle," said Eagles general manager Howie Roseman. "The unique blend of size, speed and athleticism that Jason possesses is something that everyone wants in an offensive lineman. However, what really makes him unique is his desire to improve day in and day out despite the fact that he's played at an elite level for so many years. We are truly rewarding Jason's excellence, as he's a guy who has made six Pro Bowl appearances and has been selected an All-Pro five times. We're excited to be able to keep him in Philadelphia for years to come."

All of the Eagles offensive linemen are now signed through 2016, aside from Jason Kelce, who the Eagles are expected to extend in the near future.

[Note by Brandon Lee Gowton, 02/26/14 11:16 AM EST] - ESPN's Adam Caplan reports Peters' new deal will save the Eagles roughly $2 million in cap space this year.