Peterson agrees to two-year deal with Falcons

Free agent linebacker Mike Peterson, a 10-year veteran, agreed to terms on a two-year contract with the Falcons late Monday.

Peterson started his career as an outside linebacker with Indianapolis, but played middle linebacker for Jacksonville the last six seasons. He played under Falcons head coach Mike Smith during his stint with Jacksonville.

The Falcons are in the process of re-vamping their linebacker unit after starters Michael Boley and Keith Brooking left via free agency.

Peterson, 32, led the Jaguars in tackles in three of his six seasons. He played his first four years in the league with the Colts.

The Falcons are looking for more impact plays from the linebackers. Peterson has 19.5 sacks and 15 interceptions over his career. He has started 117 of 135 games since being picked in the second round of the 1999 NFL draft out of Florida.

Davis’ contract: The Falcons biggest offseason move has been to re-sign defensive end Chauncey Davis to a four-year deal.

In the details of his contract, Davis received a $3 million signing bonus and has base salaries of $2 million in 2009, $2.6 million in 2010, $3 million in 2011 and $3.4 in 2012.

The $3 million signing bonus accounts for $750,000 on the salary cap each year of the contract giving Davis’ salary cap numbers of $2.75 million, $3.35, $3.75 and $4.15.