DT Corey Peters

The Falcons announced the signing of third round pick Corey Peters. Per a National Football Post report, Peters agreed to a four-year deal worth $2.557 million, including a $767,000 signing bonus.

Peters was the second of seven draft picks taken by the Falcons this past April, and is the first to sign a contract.

According to NFP, his base salaries are: $320,000 (2010); $405,000 (2011); $490,000 (2012); and $575,000 (2013). He has an escalator clause in the fourth year of the contract that could make it worth up to $3.295 million.