Adam Schefter of ESPN passed along word of the new deal, which was confirmed by the star lineman's agent. The Eagles proceeded to make an official announcement.
Originally a tight end, Peters made the transition to offensive tackle during his time with the Buffalo Bills and quickly became one of the league's best. His combination of size, strength and athleticism allowed him to develop into an ideal left tackle.
He joined the Eagles in 2009 and has continued to rack up Pro Bowl appearances. He's been selected to the league's All-Star game six times to go along with two first-team All-Pro and three second-team All-Pro nods.
After announcing the new contract, the Eagles provided comments from general manager Howie Roseman and head coach Chip Kelly.
Roseman talked about Peters' tools being perfect for the tackle position:
Kelly said it was impressive to watch him return from injury and perform at an elite level:
Zach Berman of The Philadelphia Inquirer added more remarks from both key pieces of the Eagles organization:
The next-level analysis agrees with Roseman and Kelly.
Pro Football Focus rated Peters inside the top five among all tackles during the 2013 regular season:
Looking ahead, it would be a surprise if Peters is still playing at a Pro Bowl level by the end of the contract in 2018. He's already 32 years old and has dealt with some injuries issues throughout his career, playing in just two full seasons since becoming a full-time starter in 2006.
That said, the agreement was obviously more about the short term. Peters is still playing at a very high level right now, and the Eagles wanted to make sure he stayed around. He should ensure quarterback Nick Foles has a clean pocket in 2014 to build off his breakout season.
All told, it's a good deal for both sides.