Adrian Peterson plans to sign a two-year deal that is effectively a one-year deal plus a one-year option with the New Orleans Saints, he told ESPN's Josina Anderson on Tuesday morning.
Peterson told Anderson that the deal is worth a base total value of $7 million. Here are the terms Peterson says he has agreed to at this point: The 2017 compensation is $3.5 million (all guaranteed at signing), which includes a $1 million guaranteed salary in 2017 and a $2.5 million signing bonus.
The maximum incentives package is $8.25 million and whatever incentives are reached in 2017 get added to the per-game roster bonuses in 2018.
The 2018 compensation is $3.5 million, none of which is guaranteed. It includes $2.4 million in total roster bonuses (which includes a $750,000 roster bonus earned on the third day of free agency plus $1.65 million in per-game roster bonuses), a $1.05 million salary and a $50,000 workout bonus.
"I am excited to be joining the New Orleans Saints," Peterson told Anderson. "I'm really looking forward to this opportunity. Most importantly, I chose this team because it just felt right within my spirit. Additionally, my wife and family added their confirmation with the same feelings.
"On offense, it goes without saying that the Saints are really solid behind Drew Brees. I feel like my skill set can make them even more dominant as a unit. They have a great offensive line, which is something that stood out to me as well. I could tell from talking to head coach Sean Payton over the last two weeks that he did his due diligence in evaluating how I could contribute. I also did a lot of homework on the defense as well. While I know that injuries have played a role in performance, I also see areas of potential with a lot of younger guys having the ability to step up. Lastly, it goes without saying that the Saints have an amazing fan base and I look forward to making them proud and creating everlasting memories."
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