Schefter later confirmed the news of the trade, which can not be finalized until March 14, the start of the new league year.
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Peters has made headlines throughout his career in Kansas City for more than his performance on the field. His 19 regular-season interceptions rank tied for the sixth-most during a player's first three seasons in the league during the Super Bowl era. The Colts' Rashaan Melvin and the Bears' Kyle Fuller are unrestricted free agents with more upside than that of Johnson, who turned 28 in January.
It's also possible that Peters had made it clear in some fashion that his interests were elsewhere regarding his long-term National Football League home.
Now, Peters goes to an LA team where he will play under defensive coordinator Wade Phillips.
Peters, thinking he was ejected, walked off the field and into the locker room. As Mike Florio of Pro Football Talk wrote: "The Chiefs became sufficiently exasperated with Peters previous year to suspend him for one game". Keep in mind Johnson made $16.7 million last season and undoubtedly is seeking a long-term deal with a yearly salary roughly in that same neighborhood.