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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Since: Jan 13, 2009
Posted on: July 30, 2011 7:11 pm

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

So over the course of his career--Stats Manning has taken well over 200 Mil from the colts and produced one ring.  Could have gotten alot more players and probably at least one more ring for the same money--but then you would not have gotten to see all those funny commercials One Ring has starred in

Since: Jan 26, 2011
Posted on: July 30, 2011 5:20 pm

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

Michael Vick shouldn't be mentioned in the same breath as a Peyton Manning or a Tom Brady! Vick's a good QB with the potential to be an as time great, but he needs to keep the same level of play for more than 1 year before we get crazy with our statements!

Manning and Brady are already assured a spot in the NFL HOF. Can you say the same about Vick and keep a straight face at the same time?

Not trying to badmouth anyone, just keeping it real.  

UFC Sanders
Since: Jul 30, 2011
Posted on: July 30, 2011 4:58 pm
This comment has been removed.

Post Deleted by Administrator

Since: Aug 27, 2006
Posted on: July 30, 2011 3:55 pm

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

2nd best pay for the 2nd best QB. Seems fair to me

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