The eight-time Pro Bowler agreed to a three-year deal worth up to $30 million, his agent, Carl Carey, told ESPN's Josina Anderson. The deal includes $7.5 million in guaranteed money and will pay Peppers $8.5 million in salary for the first year, Carey told Anderson.
Peppers, a 6-foot-7, 287-pound 13th-year player out of the University of North Carolina, played for the Chicago Bears for the past four seasons (2010-13) after spending his first eight seasons (2002-09) with the Carolina Panthers. He has played in 186 games with 184 starts during his career, appearing in all 16 games in 10 of his 12 seasons in the league. Peppers was drafted by Carolina in the first round in 2002 with the No. 2 overall selection.
Peppers was released Tuesday by the Chicago Bears but found work four days later with the division-rival Packers.
In Green Bay, Peppers will be reunited with one of his former coaches, Mike Trgovac, who is the Packers' defensive line coach. Trgovac coached Peppers from 2002-08 with the Carolina Panthers. He was Peppers' position coach in 2002 and was Carolina's defensive coordinator from 2003-08.
Since entering the league in '02, Peppers ranks No. 2 in the NFL in sacks (118.5) and No. 5 in forced fumbles (39) and leads all defensive linemen with nine interceptions over that span. He has been selected to the Pro Bowl eight times during his career (2004-06, 2008-12) and has been named first-team All-Pro three times (2004, 2006, 2010). Peppers was selected to the NFL's All-Decade Team for the 2000s and was named the NFL Defensive Rookie of the Year by The Associated Press in 2002.