The Philadelphia Eagles acquired OLT Jason Peters from the Buffalo Bills for the 28th overall pick in next week's draft, FOXSports.com's Jay Glazer reports. Buffalo will also receive a second-day pick in this year's draft (other reports have it being a fourth-rounder), as well as a late-round pick in the 2010 draft. In a chat with Viking Update earlier this week, Scout.com hinted that Philadelphia had their sights set on acquiring Peters, not really as much on WR Anquan Boldin.

League sources said Peters was at Eagles headquarters at the Nova Care Center in Philadelphia on Friday and passed the team physical. The team may wait to officially confirm the trade until a new contract is completed and as of early Friday evening, the paperwork was not sent in by both teams, and the deal didn't appear on the NFL's personnel notice which details all transactions for the day. However, two sources told Scout.com that the trade was not only was agreed on Friday morning, but Philadelphia has had their eye on Peters since their season ended in Arizona on January 18. Had they not been able to acquire Peters, the likely plan was to move RG Shawn Andrews to left tackle, a league source said.

While Peters was voted to the Pro Bowl last season, several personnel evaluators said he didn't play at a high level. Peters, who wanted a new contract, held out of training camp and missed all of the preseason--and it showed.

"If he's motivated, the Eagles got a steal," ESPN NFL analyst Ron Jaworski said Friday afternoon when contacted for his reaction on the deal. "The guy is really talented, but he didn't play at the same level last season that he did previously."

Peters has two years left on his current contract which was extended back in 2006 with base salaries of $3.8 million (2009) and $3.4 million (2010). According to a league source, Buffalo will actually save about $2.9 million against the salary cap this season, but will take on about $2.1 million in dead space.

Peters' agent, Eugene Parker, was expected to begin working on a new deal with team officials Friday afternoon. Another league source said the Eagles had about $37 million in salary cap space as of earlier this week. Peters was rumored to be seeking a deal that averages around $10 million per season. However, Miami Dolphins LT Jake Long's contract averages a cap number of $11.55 million over the next five seasons. Seattle Seahawks LT Walter Jones, who turned 35 earlier this year and is coming off of microfracture knee surgery, carries a cap number of $9.8 million for this season. It's probably reasonable to believe that Peters, who turned just 27 years old this past January, could yield a deal that averages a minimum of at least $10 million per season with a maximum of $12 million per season. Carolina Panthers LT Jordan Gross, who sources said Philadelphia had strong interest in had he become an unrestricted free agent, re-signed with Carolina shortly before the start of free agency on a five-year deal that averages $9.4 million per season, according to a league source.

Buffalo now owns two first-round selections (No. 11, No. 28). Philadelphia still owns their own first-round selection (No. 21). No. 28 was acquired from the Carolina Panthers last year.

Peters was originally signed by Buffalo as an undrafted free agent in 2004.