After hearing all this speculation about Jason Peters and the possibility of him seeking a new contract, I started to think "What is Jason Peters thinking?"
To start it off, he plays LT, and lines up right next to Derrick Dockery, who last year came in with a 7 year/$49 million dollar contract. So Peters, who went to the Pro Bowl had time to think all off-season about how he is one of the elite players at his position and he is making an average of $3 million a year which is 3-5 million a year less than what he deserves to make based on the market in today's NFL for a premier NFL LT. This is a natural human reaction. You are in a job, you do your job very well, respected by your peers, and yet a guy who does not do as well as a job, but has some more experience gets paid way more.
But to play devil's advocate, Jason Peters signed a deal that at the time for his experience was very fair. He knowingly signed a 5 year deal. Shouldn't he honor that contract? I think panic is setting in with the CBA up in the air, and Peters knowing that that ~$20-$30 million in guaranteed money is what he needs to feel financially comforted. I understand Peters position, if this is truly what he is feeling like. Again, I think it has more to do with what Dockery and to some extent Langston Walker are making, when Peters is the best OL on the team and should be compensated like he is. I would not be against the Bills standing firm for 2008. However if Peters does hold out, a deal has to be reached; because Peters is too critical to the success of the 2008 Buffalo Bills.