Peppers was the second of Cleveland's three first-round picks in April's draft and is expected to start immediately. Peppers' deal is projected to be worth $10,385,025 and a signing bonus of $5,692,746, per Spotrac. The hang-up had been guaranteed money in the fourth year.
Peppers may have been passed over by other teams after he had a diluted urine sample at the scouting combine.
The first full-squad practice is Thursday. The former MI standout played numerous positions for the Wolverines, but the Browns will try him at strong safety and as a kick returner.
The Cleveland Browns were widely regarded as the biggest winners of the 2017 NFL Draft. He was a Heisman Trophy finalist last season with the Wolverines and a consensus All-America pick. He averaged 26.8 yards per kick return and 13.1 per punt return.