The Arizona Cardinals have struck a five-year, $70 million contract extension with cornerback Patrick Peterson that includes $48 million in guaranteed money.

That makes him the highest paid cornerback in the NFL.

The deal trumps recent contracts from Cleveland Browns cornerback Joe Haden (five years, $68 million) and Seattle Seahawks cornerback Richard Sherman (four years, $66 million).

Peterson is now under contract through the 2020 season.

Peterson was drafted fifth overall in 2011 out of LSU.

Peterson is a two-time All-Pro who has a dozen career interceptions.

Peterson is a three-time Pro Bowl selection who tied an NFL record with four touchdowns as a rookie returning punts.

Peterson has even played offense in the past, lining up at wide receiver.

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Aaron Wilson covers the Ravens for The Baltimore Sun