The NFL league year doesn't start until March 14, so the deal will not be official until then, but for all intents is purposes, it's done.
Peters was voted to the Pro Bowl after the 2015 and 2016 seasons, won the 2015 Defensive Rookie of the Year Award and was an Associated Press first-team All-Pro selection in 2016. But now, with Peters, the Los Angeles Rams have opened up a brand new door of options to select in the first round.
Johnson will have a massive market as arguably the top cornerback in free agency, which means his price could be pretty high and the Colts likely won't be apart of a bidding war for a player they might not consider a building block.
It was clear that CB needed to be addressed during the 2018 offseason. Their No. 2 cornerback, Kayvon Webster, ruptured an Achilles tendon in December.
Peters thought he was ejected after that incident against the New York Jets and left the field, only to run back out not wearing socks when he realized he was not disqualified. They were desperate for a shutdown cornerback for defensive coordinator Wade Phillips, especially with Trumaine Johnson due to hit free agency after spending two seasons playing on the franchise tag. After all, he has picked off 19 passes and forced six fumbles the past three years - most in the NFL.
The ball-hawking Peters joined only future Hall of Famer Ed Reed, as the only two players in the last 25 years to have 5 interceptions in each of their first three seasons.
None of those character concerns was evidently enough to dissuade the Rams from making a deal, though.
Peters had several issues last season. In at least one instance, he directed expletives at a group of fans behind the Chiefs' bench.