Peyton Manning Re-signed By Colts: $90M Contract Details [Video]

Quarterback Peyton Manning has agreed to a $90 million, 5 year contract with the Indianapolis Colts.

It has been revealed that Manning will be earning around $23 million over the period of the first 3 years of the deal. However, on average he will be earning around $18 million per season.

“The most interesting thing about the deal is the fact that the legendary Tom Brady, quarterback of New England Patriots makes around the same figure,” writes Kurt Kingsley of FanIQ. “To make matters more interesting Brady and Manning sometimes become rivals, while on other occasions brothers like in the NFL player antitrust lawsuit against the league.”

Manning is expected to become the highest-paid player in the NFL.

“It works for both of us,” Colts owner Jim Irsay said Saturday evening, “and that was important.”

“When you have a great player, a Hall of Fame player, a player who has done so much, it’s a special relationship. I’d like to say it happens twice in a lifetime, but you never know. I don’t know if I’m that lucky.”

According to reporter Mike Chappell: Manning’s 141 regular-season wins ranks No. 4 behind Brett Favre (186), John Elway (148) and Dan Marino (147). He has led the Colts into the playoffs in 11 of his 13 seasons, including the past nine, which ties an NFL record for consecutive appearances.

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Ariel is a full-time university student currently studying English and Business. Ariel loves to write about electronics, fashion, and entertainment news, and is currently in the process of writing a preteen horror novel.