A graduate of Rutgers University, where he was a full-season starter on the third-place College World Series team in 1950 and second-team College All American that same year, Peterson spent the first three-plus decades of his career with the Pittsburgh Pirates as a minor and MLB player, minor league manager, farm system director and general manager.\n', '

A right-handed batter and thrower, he appeared in 65 major league games over four seasons (1955; 1957–59) and batted .273 with three home runs in limited service, due to a two-year stint in Korea with the U.S. Army. Peterson and is also noted for appearing in the historic last games played at both the Polo Grounds and Ebbets Field in September of 1957. He was 2-for-5 with two runs batted in against the Giants at the Polo Grounds, twice driving home Roberto Clemente. His playing career was effectively ended as the result of a broken arm suffered in a home plate collision at Wrigley Field in early 1959. Later in 1959 he began his managing career at the Class B level and reached Class AAA in 1967 as skipper of the Pirates\' top farm club, the Columbus Jets of the International League.\n', '

From 1968 through 1976, he directed Pittsburgh\'s highly productive farm system and, when longtime general manager Joe L. Brown retired following the 1976 campaign, Peterson succeeded him, splitting duties with longtime executive Joe O\'Toole, who handled business matters. One of his first (and most noted) moves was the 1976 trade of catcher Manny Sanguillén and cash to the Oakland A\'s for manager Chuck Tanner. On Peterson\'s watch, the Pirates remained consistent contenders and in 1979 won the National League pennant and defeated the favored Baltimore Orioles in a seven-game World Series. That Bucs\' team, led by Hall of Fame slugger Willie Stargell, was augmented by two bold in-season trades made by Peterson. Frustrated with Frank Taveras\' defensive inconsistency, Peterson dealt the erratic shortstop to the Mets for Tim Foli. Later in the season, he put together a package of three pitchers and acquired two-time National League batting champion Bill Madlock from the San Francisco Giants.\n', '

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