Veteran running back Adrian Peterson has officially re-upped with the Washington Redskins on a two-year contract, per an official announcement from the team on Monday.

Peterson is guaranteed $1.5 million on the new deal, and has the potential to earn up to $5 million over the course of the contract. For the 2019 season, Peterson will have a $1.7 million cap hit, and has annual incentives that can be worth up to $1.5 million.

Washington will hold a team option for the 2020 season, and if they exercise it, Peterson will have a base salary of $2.25 million. If the 2020 option is not exercise within 22 days prior to the start of the NFL’s new league year in 2020, Peterson will once again become an unrestricted free agent.

In a season that was damaged severely by injuries, the 33-year-old Peterson was the most consistent offensive weapon for head coach Jay Gruden. Peterson rushed for 1,042 yards on 251 carries in 2018, giving the seven-time Pro Bowler his first 1,000 yard-plus rushing season since 2015 with the Minnesota Vikings. Peterson also found the end zone eight times last season with seven of the touchdowns coming via rushing.

There was some uncertainty about Peterson’s future with the Redskins despite Peterson expressing his desire to stay with the team in December, and it looked like Peterson was going to have to test the free agent market before things quickly came together between the two parties.

Peterson started all 16 games for the Redskins in 2018, but with running back Derrius Guice expected to return from a torn ACL, it’s likely that Peterson’s reps will be reduced some. Washington will also have to find time for Chris Thompson to handle the ball, but he will likely once again be featured in a receiving back role more than rushing.

For his career, Peterson has 13,318 rushing yards on 2,825 attempts. When you combine together rushing and receiving touchdowns, Peterson has found the end zone a total of 112 times.

Photo: Mark Tenally/Associated Press