Toronto Argonauts sign Canadian OL Peter Nicastro to lucrative three-year contract extension

Photo courtesy: Ted Pritchard/ All rights reserved.

The Toronto Argonauts have agreed to a three-year contract extension with Canadian offensive lineman Peter Nicastro.

The 24-year-old was selected in the first round, seventh overall during the 2021 CFL Draft out of the University of Calgary. He started 11 games as a rookie at guard and centre before suffering a season-ending ACL injury that caused him to miss all of last season.

The six-foot-two, 305-pound blocker has started all 10 games for the Argos this year at centre and guard. He’s been a key part of an offensive line that has allowed only 10 sacks, which is less than half the amount of any other team in the league.

Nicastro will make $205,000 in hard money in 2024 as part of his extension, including a $40,000 roster bonus due on Jan. 15. His compensation will grow to $220,000 in 2025 and $240,000 in 2026. He could also earn an additional $5,000 each year depending on whether or not he is named a CFL all-star and selected as the league’s Most Outstanding Offensive Lineman.

The Calgary native has $45,000 of guaranteed money in the final year of his contract, which is equal to approximately 30 percent of his salary. Under the league’s new collective bargaining agreement, players can negotiate for guaranteed money in the final season of multi-year contracts up to a maximum of 50 percent of the value of their base salary.

The deal was negotiated by Fred Weinrauch, who also did the contract that saw Drew Desjarlais become the highest-paid offensive lineman in the CFL.

Justin Dunk is a football insider, sports reporter and anchor.