Tag:Tom Condon
Posted on: March 6, 2012 10:43 am
Edited on: March 6, 2012 3:21 pm
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Report: Colts have until 4pm Friday to cut Peyton

We get a free 24 hours of Peyton drama! (Getty Images)
By Will Brinson

Thursday, March 8 has been pegged on the calendar as "Peyton Manning Day" for quite some time. That's when the Colts must make a decision on whether or not to pick up Manning's $28 million option bonus and activate the rest of his contract. But not so fast, my friends: the Colts can actually keep Manning on the roster as late as Friday at 4 p.m. ET without paying him any money.

Latest NFL News, Notes

That's according to a report from Jason LaCanfora of the NFL Network, who writes that while Thursday is the deadline for Manning's option bonus, Sunday -- two days before the beginning of the new league year -- is the "non-exercise payment date" on Manning's contract.

However, there's one more wrinkle. Mike Florio of Pro Football Talk correctly points out, and has since confirmed via NFL spokesman Greg Aiello, that NFL business must be transacted by 4 p.m. ET on Friday.

Therefore, if the Colts don't pick up Manning's option bonus on Thursday but also don't cut Manning before 4 p.m. ET on Friday, they'll owe him $28 million as a result of the non-exercise fee. However, if the Colts don't exercise his option, as Florio points out, he will still be under contract for the 2012 season until they decide to cut him.

The failure to pay the option bonus, per Florio, will simply wipe out the 2013-2015 portions of Peyton's contract. (Ed. Note: This is an update from what we previously had here.)

So what would be the point of keeping Manning past Thursday? Well, Jim Irsay could ultimately decide that he does want to pay Manning $28 million to play for the Colts -- or, more accurately, not play somewhere else -- in 2012. The Colts could would not be able, however, to cut him past Friday at 4 p.m. ET without paying him the $28 million and sending him on his way.

The Colts could also decide to wait until Friday to engage in talks with Manning on a renegotiated contract. But if no deal is reached and the Colts decide to cut Manning after the 4 p.m. ET deadline on Friday, then Manning would get $28 million for the non-exercise fee and would become a free agent.

Which is why it makes more sense, if the Colts are truly prepared to move on without Manning, to do so at an earlier time than on 3:59:59 p.m. ET on Friday.

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Posted on: March 2, 2012 12:50 pm
Edited on: March 2, 2012 1:28 pm
 

Saints offered to make Brees highest-paid player

Did Brees really turn down Mickey Loomis' offer to make him the highest-paid NFL player? (US Presswire)
By Josh Katzowitz

With the report Thursday that the Saints and quarterback Drew Brees are $5 million per year apart on contract negotiations, CBSSports.com’s Larry Holder has the news that New Orleans offered Brees a contract before the 2011 season that would have made him the highest-paid player in the NFL and that Brees and his agent, Tom Condon, turned it down.

“He (general manager Mickey Loomis) offered Brees the highest paid contract in NFL history,” a source told Holder. “Does that not equate with great or elite?”

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In a Yahoo Sports report Thursday, Jason Cole cited multiple sources that said that Loomis was trying to devalue Brees by saying only he is a “very good” quarterback as opposed to a “great” one.

Cole also speculated that Saints owner Tom Benson might have to step into the negotiations to make sure both sides were satisfied with a new contract. New Orleans, of course, could franchise tag Brees, but Brees obviously wouldn’t be happy with that decision.

Plus, that would make it tougher for the team to keep guard Carl Nicks and receiver Marques Colston if the only way for the Saints to avoid sending Brees to free agency was to tag him.

As CBSSports.com’s Mike Freeman wrote, “What the hell are the Saints doing? I've said this before. There are certain players, only a handful, where you open the vault and roll out the cash. You give them a blank check. Brees is one of those players. Franchising Brees is going to anger him, no question. Players despise the tag because it limits their earning potential. So you've ticked off your best player. For what? Why?”

But now we have to wonder why Brees and Condon would turn down the richest deal in the league and what they expect to actually get in return for Brees playing.

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Posted on: February 15, 2012 2:50 pm
Edited on: February 16, 2012 11:48 am
 

Report: Manning had 4th surgery, could need more

Manning

By Josh Katzowitz

It’s generally been reported that Peyton Manning has had three procedures on his neck in the past two years -- which caused him to miss all of last season. But Sports Illustrated’s Don Banks is reporting that Manning actually had a fourth surgery sometime between May 23 and Sept. 9 of last year.

Making matters a little more opaque, Banks also reports that Manning potentially has developed bone spurs in his neck that the Colts believe will require another surgery (and possibly, gulp, another fusion surgery).


The unreported procedure occurred last summer in Chicago and it was a follow-up to Manning’s initial neck surgery. Since this occurred during the lockout, the club physicians only had very little contact with Manning.

Manning's Offseason Saga
"I wouldn't have anything to say about all of that, one way or another,” Manning’s agent, Tom Condon, told SI on Wednesday.

According to Banks’ source, Manning badly wanted to return for the Week 16 Houston game last year, and he participated in an “organized and fully-scripted 30-play practice session” the week before in front of former executive Bill Polian and former coach Jim Caldwell.

More from Banks:
Polian was said to be initially frustrated by the extent and scope of the workout, which he then viewed as a surprising attempt to play in a meaningless situation at the end of a long and defeat-filled season in Indianapolis. League sources say the former leader of the Colts front office was taken off-guard by the intensity and pace of the 30-play session that Manning took part in. Polian was under the belief that it would be conducted at walk-through speed, but instead it was held at typical regular-season tempo with scripted play calls.

A day later, league sources said, the team's strength and conditioning staff impressed upon Polian that it had wanted to see how Manning responded to a fast-paced and scripted workout, because his recovery was not going to reach the next level if he simply continued to lob passes at a leisurely pace. And the practice was conducted from the 25-yard line on in because that was then roughly Manning's ceiling in terms of his arm strength throwing the ball.
Make sure to click the above SI.com link (or this one right here) to read more details about Manning’s past and his possible future. It's strong reporting and fascinating material.

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Posted on: February 25, 2011 9:54 pm
 

All for one, one for all? Don't believe it

Posted by Pete Prisco

INDIANAPOLIS -- So four of the power agents stood up together to show their unity for the NFL Players Association Friday?

What? Those guys would stab each other in the back in a minute.

Does anybody really believe that charade? Drew Rosenhaus, Joel Segal, Tom Condon and Ben Dogra, four power NFL agents, got up in front of their brethren during the annual agent meeting to show solidarity.

Nice show, but really?

Rosenhaus is the same agent who got into an almost fistfight here years ago with another agent over allegations he was trying to poach that agent's player. And this is a united group?

I know why they're playing it that way: The agent community is in big financial trouble if there is a lockout of the NFL players in their fight to get a new CBA.

Some have estimated that half of the registered agents would go out of business.

That seems high, but you never know.

The four who joined together to show they backed the NFLPA aren't among that group, but even they would feel the financial sting, according to sources.

Let's not get carried away with this gesture. If you think the agents are unified on anything, I have a plot of swamp land I'd love to sell you.

This was cross-posted from Pete Prisco’s Prisco’s Points blog. For more NFL news, rumors and analysis, follow @cbssportsnfl on Twitter and subscribe to our RSS Feed .
Posted on: July 12, 2010 11:12 am
 

An interesting look at super agent Tom Condon

Mike Chappell of the Indy Star has written a fantastic article on super agent Tom Condon. It is a highly recommended read. Chappell looks at how Condon hooked on with the Manning brothers and progressed from NFL fringe player to arguably the league's most powerful agent. Here is an excerpt.

If there was a tipping point in Condon's early talks with Manning, it might have been a specific item in Condon's resume.
Yes, he was an attorney, having earned his degree from the University of Baltimore's School of Law in 1981. More than that, Condon's background teemed with football.

"One thing that attracted me to Tom, different from the other guys I was interviewing, was one of his greatest strengths, and that's that he played the game," Manning said. "He played in the NFL. That's always been important to me. He had that insight that a guy that didn't play, a guy who's just a lawyer, doesn't have."

Condon, 58, was an accomplished offensive lineman at Boston College. In 1984, a decade after his graduation, he was inducted into the school's Varsity Club Athletic Hall of Fame.

A 10th-round draft pick of the Kansas City Chiefs in 1974, Condon's NFL career spanned 148 games, 131 as a starter, before it ended in 1985.


Condon knew early on that his NFL future might be limited. Wisely, he worked towards a law degree during the off-seasons. Chappell takes you through Condon’s early days as an agent and on into the present, where he has a client list that includes the Mannings, Drew Brees, Matthew Stafford, Matt Ryan Bob Sanders, LaDainian Tomlinson, Steve Hutchinson Kevin Williams, Antonio Gates and Tony Gonzalez.

--Andy Benoit 

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The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com