Giants Make Manning NFL's Richest Player
UPDATED (12:59 p.m.)...
Quarterback Eli Manning has agreed to a contract extension with the New York Giants that will give him the highest average annual salary in the NFL, a source familiar with the negotiations said Wednesday.
The six-year extension is worth about $97.5 million, said the source, who spoke on the condition of anonymity because the agreement had not been officially announced. It includes approximately $35 million in guaranteed money, the source said, and runs through the 2015 season.
Manning had one season remaining on his existing six-year, approximately $45 million contract. That deal was to pay him $9.4 million this season.
With the extension, Manning is to make $106.9 million over the next seven seasons. That's an NFL-high average annual income of $15.27 million.
The former top overall selection in the 2004 NFL draft led the Giants to a Super Bowl triumph in the 2007 season and was selected to his first Pro Bowl last season. He has led the Giants to the playoffs in each of his four full seasons as an NFL starter.
According to the New York Daily News, Giants General Manager Jerry Reese told reporters Wednesday he's hopeful that the finishing touches will be applied to the deal soon but declined to confirm the widely reported contract terms. Reese said he believes that Manning is worthy of such a contract.
"He's a franchise quarterback," Reese told reporters, according to the Daily News. "He's come in, he takes a lot of flak from you guys and he just keeps going. He does what we ask him to do on the field. He does what we ask him to do off the field. He's a good football player."
Oakland Raiders cornerback Nnamdi Asomugha previously had the league's highest average annual income, at $15.1 million per season. He signed a three-year, $45.3 million contract in the offseason. That deal included $28.5 million in guaranteed money.
Manning's older brother, Indianapolis Colts quarterback Peyton Manning, has a contract worth about $14 million per season.
In five NFL seasons, Eli Manning has thrown for 14,623 yards with 98 touchdown passes and 74 interceptions. He threw for 3,238 yards last season, with 21 touchdowns and 10 interceptions, and was the league's 14th-rated passer.
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