Posted by Mike Florio on August 5, 2009 7:57 AM ET After months of rumors that the Giants were poised to lock up quarterback Eli Manning for the long haul, it finally has happened.
According to Jay Glazer of FOX, Manning and the team are on the verge of agreeing to a six-year, $97.5 million extension.
Per Glazer, the deal includes $35 million in guaranteed money.
Based on the extension only, the average is $16.25 million per year. Factoring in the $9.4 million in base salary that Manning already was due to earn in 2009, the annual average of the seven-year, $106.9 million arrangement is $15.2 million.
Though Panthers defensive end Julius Peppers will earn more this season under his one-year franchise tender, Manning's contract represents the biggest multi-year average that any NFL player has received.
On the surface, Redskins defensive tackle Albert Haynesworth's seven-year, $100 million deal comes close, but the reality is that it's only (only?) a four-year, $48 million package. And the $102 million deal given last year to Steelers quarterback Ben Roethlisberger covers eight seasons.
As our own Tom Curran pointed out last month, the Manning deal likely will be the first big-money domino to fall in an ongoing string of record-setting quarterback contracts.
Next up? Philip Rivers. Then Tom Brady. Then Eli's big brother, again.
I am not an Eli fan either and I hope the G-strings keep him and their coach for a long time and pay them a ton of money
Until recently, Snyder & Allen have made a lot of really bad decisions - nobody with any sense believes this franchise will get better under their guidance Snyder's W/L record = 45% (80-96) - Snyder/Allen = 41% (59-84-1)
SkinsJock wrote:I am not an Eli fan either and I hope the G-strings keep him and their coach for a long time and pay them a ton of money
I concur...this can negate all the smart moves their scouting department do in the draft for years to come.
Yeah I agree.. Its as if they dont realize that their D-Line won that superbowl for them. Not Eli. Tuck should have won the MVP and everyone knows it. They could have won that game with Kyle Orton as QB
The Giants quarterback and former Super Bowl MVP has agreed to a new seven-year, $106.9 million contract that he is expected to sign later today, according to a source familiar with the negotiations. Though it’s not the largest deal in NFL history, the average of $15.27 million per year is a new NFL high.
