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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.

By Mark Maske  |  August 5, 2009; 9:28 AM ET  | Category:  Giants Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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Comments

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Eli Manning is not that different from Jason Campbell .. but has benefited from a much better O-line, running game and receivers (til Plax shot himself) behind him.

Posted by: loux24 | August 6, 2009 12:28 PM

It`s hard to argue when Eli did win a Super Bowl... However, does a lucky run deserve such $$? Should the Skins win a Super Bowl this year can anyone imagine JC receiving that kind of contract next year?

Posted by: Samuraise | August 6, 2009 1:35 AM

He is a much better quarterback than most people admit. He plays on a running team, in cold weather in the wind, not in a dome like his older brother. He reminds me of Ole Miss' other Giants' QB, Charley Conerly. Conerly won in 1956 and almost won a few other times and generally played very well. Manning is like that.

Posted by: Boelcke1916 | August 5, 2009 6:28 PM

A huge part of todays problems stem from how we spend, and the rest of the world views us spending, our wealth,..or lack of. Think about it,.. paying someone almost $100m to play a game?? I like football as much as the next person but get real!

Posted by: trose2 | August 5, 2009 6:13 PM

That would amount to about 7.635 mill per tight spiral. He only throws about 2 a year. Let's hope the new stadium has less wind currents that the current stadium does or else we are in big trouble for the next 6 years.

Posted by: gcryall | August 5, 2009 4:50 PM

This contract (and Ben Rapelisberger's)serve as motivation for other QBs to win a Super Bowl early on so they can land a monster extension and cruise to retirement.

Posted by: ozpunk | August 5, 2009 2:46 PM

It is a really bad contract for the all the other NFL team's fans with the impact it will have on other teams QB contract negotiations in the future. By his stats and what I have seen of him, he is an average QB at best.

Posted by: greg_mb | August 5, 2009 2:43 PM

Good deal all the way around. The kid has a trinket called a Super Bowl on his finger and the Giants got the kid locked up till 2015.

He gets to tormet the skins fans some more.

Tman.

Posted by: tman111 | August 5, 2009 12:49 PM

I'm certainly no expert, but this deal looks terrible to me. But then, I think Eli is a mediocre QB.

Posted by: Fletch_F_Fletch | August 5, 2009 10:12 AM

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