Andy Reid knows what he's doing. He's not a raging @#$%&, the dude runs a pretty good ship so for Peters to rock that particular boat there is certainly a lot of risk.
I think Peters is a 2 year rental, tops. Maybe 1 year, if he starts getting into it with his coaching staff, because McVay won't put up with that.
The good thing here? Peters knows he has to toe the line if he wants that huge payday. Which means maybe we get 2 strong years from him. But after that? I would not sign the dude. I don't trust him, and don't like his self-identification/where his mind is in regards to acting like he's still the same guy from the streets. You don't trust a street kid with a massive windfall contract.