The move was expected, considering the team's preference to be cautious with its franchise player and his comeback from reconstructive surgery on his left knee. Peterson can come off the PUP list at any time, but he can't take part in drills with the team until then. He still counts against the 90-man roster.
Coach Leslie Frazier said Friday that Peterson put up a fight but the decision is best for the team.
"Ultimately I knew how the conversation was going, that it wasn't going to go my way no matter what I thought," Peterson said. "But I understand the decision."
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