The source isn't great but according to this short article, Peters will skip the Pro Bowl and is being replaced by Jake Long of the Dolphins.
Many of us didn't believe that Peters deserved to go to the Pro Bowl anyway, but skipping it hurts anyway. He was the only person we had there and it would have been nice to see him there. Oh well.
Hopefully this doesn't have anything to do with his contract and really is about an injury. Correct me if I'm wrong, but didn't he miss last years too?