He played college football for the North Texas Mean Green and was selected by the Atlanta Falcons in the sixth round of the 1991 NFL draft.
In a game that season against the San Francisco 49ers on September 19, 1993, Pegram ran for 192 yards on 27 carries.
Two years later, he found himself as the leading rusher for the Pittsburgh Steelers with 813 yards and led them to a trip to Super Bowl XXX, only to lose to the Dallas Cowboys 27–17.
He ended his career after the 1997 NFL season when he split time between the New York Giants and San Diego Chargers.
This biographical article relating to an American football running back born in the 1960s is a stub.