Manning's New Deal Still Unsettled
QB Peyton Manning (Andy Lyons/Getty)
QB Peyton Manning (Andy Lyons/Getty)

Posted Jul 30, 2010


Peyton Manning will likely be a member of the Indianapolis Colts until the day that he finally retires from the National Football League. That much is a given. But the details of what could very well be the final contract between Manning and the Colts basically remain unsettled.

Indianapolis owner Jim Irsay is committed to retaining the league's only four-time MVP. His current contract — a six-year, $98 million deal signed in 2004 — expires at the end of the 2010 season.

Manning has declined to talk about his contract status over the last month. Recently, Tom Condon, Manning's agent, and Colts president Bill Polian took a similar stance.

In an interview with a Boston radio station, Polian indicated a new deal for Manning might come later rather than sooner because of the ongoing negotiations between the NFL and the NFLPA over a new collective bargaining agreement. If owners and the players union can't hammer out a deal, a lockout could threaten the 2011 season.

"We've been going slowly along with Tom Condon because we're trying to formulate some things that will fit no matter what the [new] system is," Polian said. "We can't get into the nitty-gritty because we don't know what the rules will be.

"It's not like you're going to get (a new CBA) in October, I don't think. If that happens, it would be great. But at least you can get a feel for the way things are going."

It's possible Manning's new contract won't be finalized until after the season. That happened in 2004 when his rookie contract expired. The Colts first used the franchise tag on Manning, then signed him to a long-term deal. Whatever the NFL landscape is, his new contract could average $20 million a season and include $50 million guaranteed.

He would leapfrog younger brother Eli as the league's highest-paid player. Eli, the New York Giants quarterback and another Condon client, signed a package in 2009 that averages $16.25 million a season.

"We're working through the timing," Irsay said. "It's not only [about] keeping Peyton going forward, but being able to surround him with the right people. We need both."

QUOTE TO NOTE: "To be honest, I don't know one thing about it. The first one (Peyton Manning's rookie contract in 1998), Peyton asked me to be involved, and I was. They don't do that anymore. Peyton's 34 years old and he's had experience at this. I don't stick my nose in it." — Former NFL quarterback Archie Manning on the details concerning his son's contract negotiations with the Indianapolis Colts.


Visit the ColtPower.com forums!

Follow ColtPower's updates on Twitter!

Take advantage of our FREEseven-day trial!



Related Stories
Manning: My Focus is to Get Better
 -by ColtsDaily.com  Aug 1, 2010
Laying the Foundation
 -by ColtsDaily.com  Aug 2, 2010
Turning Up the Heat
 -by ColtsDaily.com  Aug 2, 2010

PREMIUM SUBSCRIPTION INCLUDES
> Members-only Forums
> Insider Information
> Free Agency &
   Draft News
> Expert Chats

Sign Up Today!

Free Email Newsletter
Don't miss any news or features from ColtsDaily.com. Subscribe to our newsletter to have our newest articles emailed to you on a daily or weekly basis.
Click here for a list of all Team Newsletters.

Add Players to My HotList
Get free email alerts with news about your favorite players. Click name to add to My HotList.
QB Peyton Manning (profile)
[View My HotList]
Add Topics to My HotList
Get free email alerts with news about your favorite topics. Click link to add to My HotList.
Football > Indianapolis
Football > Isidore Newman School > Alumni
Football > Tennessee > Alumni
[View My HotList]