Free-agent running back Adrian Peterson plans to sign with the Saints on a two-year deal worth a base total value of $7 million, he confirmed to ESPN early Tuesday morning.
"I am excited to be joining the New Orleans Saints. … 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," Peterson said, in part, in a statement to ESPN's Josina Anderson. "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."
Peterson broke down the terms of the agreement:
2017 compensation: $3.5 million (all guaranteed at signing) that includes a $1 million guaranteed salary in 2017 and a $2.5 million signing bonus. The maximum incentives packages is $8.25 million and whatever incentives reached in 2017 gets added to the per game roster bonuses in 2018.
2018 compensation: $3.5 million (none guaranteed) that includes $2.4 million in total roster bonuses, $1.05 million salary and a $50,000 workout bonus.
Peterson is expected to complement Mark Ingram in the Saints backfield.
It's interesting to note that the Saints are scheduled to visit the Vikings, Peterson's team for 10 seasons, in the league's opening "Monday Night Football" matchup in Week 1.
Peterson, who turned 32 last month, has led the NFL in rushing three times and was the 2012 MVP, but his production has declined recently due to his age and a number of knee injuries. He was limited to just 72 rushing yards in three games in his final year with the Vikings last season before being released March 9.
Peterson had also drawn interest from the Seahawks and Patriots earlier this offseason.