The Bengals announced earlier this week that veteran running back Cedric Peerman had been re-signed.
Peerman led the Bengals with 15 special teams tackles in 2014 and has spent the last five seasons in Cincinnati generating 334 yards rushing on 64 attempts, including a rushing touchdown in 2012. Originally a sixth-round pick by the Ravens in 2009, Peerman bounced around between Baltimore, Cleveland and Detroit before finding a home in Cincinnati in 2010.
Since then, Peerman has signed one or two-year deals every other offseason as he's fought for the third or fourth running back spot. That will be the case again this season, as the Bengals signed him to a two-year deal worth $2.13 million.
The deal does not give Peerman much security though in the event that another back beats him out for his job. Peerman's deal has a nice $250,000 signing bonus that should help keep his roster spot safe in 2015, but with base salaries of just $745,000, and $885,000 with no other guaranteed money, it wouldn't be a shocker if he were among the final cuts this year, or at some point next offseason. Peerman gets another $9,375 per game that he's on the active 53-man roster, which adds up to $150,000 per season.
Assuming Peerman does keep his roster spot, he has an annual workout bonus of $50,000 plus an annual $300,000 bonus if he records an undisclosed amount of rushing yards. That's probably a mark he'd have to be at least a No. 2 back to reach, something he's not going to be as long as Rex Burkhead, Jeremy Hill and Giovani Bernard are healthy.