Blog Entry

Manning deal is done: 5-years, $90 million

Posted on: July 30, 2011 3:42 pm
Edited on: July 30, 2011 4:19 pm
 
Posted by Josh Katzowitz

On Friday, Colts QB Peyton Manning said he would be willing “take less money” from owner Jim Irsay if it meant keeping Indianapolis competitive.

Today, we get the news that Manning has, in fact, taken less money*, and, according to ESPN’s Chris Mortensen, Manning has reached terms on a five-year, $90 million contract extension that averages $18 million per year** (the same money, probably not coincidentally, that Patriots QB Tom Brady makes).

Manning's money
To confirm the deal, Irsay tweeted, "OFFICIAL----WE HAVE A DEAL!!!!!!!!!!!!!"

*Of course, less money, in this case, is relative.

**We don’t know what Manning’s guaranteed money take from this contract is, but you get the general idea that he hasn’t set a new standard for top-line quarterbacks.

On Friday, Manning -- who had been rumored to be looking for $25 million a year (his franchise tag was to pay him $23.12 million in 2011) -- denied he was trying to break the bank, explaining, "I'm willing to take less than they’ve offered if they are going to take that money to keep players we need to keep and go get other players. All I want is for them to have the cap and the cash to keep the players they want to keep and to sign other players."

Now, it appears he’s put his (smaller stack of) money where his mouth is.

UPDATED (4:16 p.m. ET): According to Mortensen, Manning had offered to take less (!) money than Brady, but Irsay refused that idea. Instead, according to Irsay, Manning will make $69 million in the first three years and $10.5 million during the final two (though, assuming Manning is still at the top of his game, he could renegotiate before the 2014 season).

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Comments

Since: Dec 2, 2011
Posted on: January 16, 2012 10:37 pm
 

Manning deal is done: 5-years, $90 million




Since: Dec 2, 2011
Posted on: January 16, 2012 4:37 pm
 

Manning deal is done: 5-years, $90 million



hgtrerte
Since: Dec 2, 2011
Posted on: December 26, 2011 11:04 am
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hgtrerte
Since: Dec 2, 2011
Posted on: December 26, 2011 5:55 am
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tomlye
Since: Nov 28, 2011
Posted on: November 29, 2011 7:10 am
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tomlye
Since: Nov 28, 2011
Posted on: November 29, 2011 12:35 am
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Tomly
Since: Oct 21, 2011
Posted on: October 23, 2011 8:28 pm
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Since: Apr 8, 2007
Posted on: July 31, 2011 8:52 am
 

Manning deal is done: 5-years, $90 million

the eagles arnt going to win anything lol and to say vick is better then manning only shows your lack of reality.in no QB stat does vick even approach a manning or brady or rothlisberger or any star qb..vicks career goes to the dogs this year...hopefully he is injured early and bad and perminantly



Since: Aug 7, 2008
Posted on: July 30, 2011 11:22 pm
 

Manning deal is done: 5-years, $90 million

I know that in the past some teams have tried to circumvent the salary constraints by offering players a small interest in the team. I wonder if that's the case here. Perhaps, Manning was given the same contract that Nolan Ryan and Roger Clemens received. An offer to work for the team after retirement while being well compensated for basically doing nothing.....just kidding.



Since: Feb 4, 2010
Posted on: July 30, 2011 7:59 pm
 

Manning deal is done: 5-years, $90 million

I am a die hard pats fan, but peyton is a class act.  He makes loads of money but lives a life of humility, he is the second greatest quarterback in the last 10 years but never boasts of his accomlishments.  May his 25 million dollar a year salary buy him as many john deer tractors, as he wants God bless him.


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