By Friday night, , according to a source, Peters had signed a four-year extension worth $53 million in new money. The Eagles acquired him with two years remaining on his Bills contract. In total, Peters will make $60 million over the next six seasons.
For Peters, the Bills will receive a first-round pick (28th selection overall), a fourth-rounder in next weekend's draft and a sixth-round pick in 2010, according to a source.
"Jason Peters is the best left tackle in football," Eagles coach Andy Reid said. "He is a powerful and athletic tackle and I have admired his play over the last few years on film. I have always believed that success in the NFL is derived from the strong play of the offensive and defensive lines. This offseason we have added two young, top-flight offensive linemen in Jason and Stacy Andrews."
For more than a year, Peters had been in a contract stalemate with the Bills. He's made two Pro Bowls at left tackle and wants to become one of the highest-paid players at his position -- at an annual salary of possibly more than $11 million.
Listed at 6-foot-4 and 328 pounds, Peters completed his sixth season last year and is scheduled to make $3.375 million for the coming season. Last year he held out of training camp, but the decision did not get him a new contract. Peters is signed through 2010 and can then become a free agent.