The Cardinals plan to discuss a contract extension for cornerback Patrick Peterson this off-season, but they are under no time constraints in reaching an agreement.

The team plans to exercise an option before then to keep Peterson under contract through 2015, a provision in the collective bargaining agreement that will benefit clubs as they seek to retain players from the 2011 draft. The deadline for using that option is May 3.

That draft class, the first under the current CBA, came into the NFL under a new set of contract rules. First-round picks, such as Peterson, were required to sign four-year deals that included a club option for a fifth-year.

Top ten picks, again such as Peterson (5th), receive a salary worth the average of the 10 highest paid players at their position this season. In Peterson's case, that is $10 million.