Will Marcus Peters Be a Short-Term Rental or Long-Term Signing in Baltimore?

Vinny & Haynie
October 17, 2019 - 10:42 am

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By Joe Schiller

After trading for two-time Pro Bowl cornerback Marcus Peters, the conversation not only surrounds how he'll perform on the field, but what will happen off the field at the end of the season. 

As of now, Peters is in the final year of his rookie contract and is set to become an unrestricted free-agent in 2020. According to Russell Street Report's Brian McFarland, the Ravens are on the books for $5.8 million of Peter's $9 million salary this season.

The question becomes: Will Peters be a short-term rental or a long-term signing in Baltimore? 

There are plenty of factors to consider, the first being the future of the Ravens' secondary. The guarantees are Marlon Humphrey entering the fourth year of his rookie contract and Earl Thomas entering the second year of his contract. The question marks are Jimmy Smith and Brandon Carr. Smith will be an unrestricted free agent this offseason and Carr can be cut to save the Ravens $6 million in cap space with only $1 million in dead money. 

At 26-years-old, Peters is one of the league's premier cornerbacks. But he's going to command top dollar on the free-agent market in the offseason, which is likely going to range north of $15 million per year. Does the Ravens' front office want to commit that type of money with Humphrey likely getting his payday in the near future as well? Baltimore has more defensive needs than in the secondary – inside linebacker and edge rush being the priorities. 

According to Over The Cap, the Ravens have the most money invested at cornerback ($35 million). Next season they'll drop to 11th. 

It could ultimately be a win-win situation whether Peters signs with the Ravens or another team. If he leaves, the Ravens would likely receive a compensatory pick in the process. DeCosta and the front office need to determine if they're ultimately willing to take that compensation over signing Peters to a long-term deal. The next 10 or more games should determine it.