Complex sentence: Nick Peterson competed for the second time in the third season of "Bachelor Pad", finished as the sole winner for that season and he will also compete for the third time as a contestant on season two of "Bachelor in Paradise".
Split into simpler sentences: Nick Peterson competed for the second time in the third season of "Bachelor Pad", finished as the sole winner for that season. Peterson later competed for the third time as a contestant on season two of "Bachelor in Paradise".