Peerman became an unrestricted free agent after leading the Bengals' special teams in tackles last season.
The sixth-year veteran has rushed for 334 yards on 64 carries with one touchdown during his career. He also has been one of Cincinnati's top special teams players, averaging nearly a dozen tackles over the last four seasons.
He played in every game in each of the last two seasons. Last season, Peerman carried 15 times for 43 yards and had three catches for 27 yards.
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