Peyton Manning Signs 5 Year Contract With The Colts

Peyton Manning secured a 5 years, 90 million dollar contract with the Indianapolis Colts today that it is said was foreseen even before the NFL luckout.  The contract sets a total of $69 million over three years, and the rest of the 90 million over the remainder of the contract.  Not a bad deal for an injured Quarterback.  All Peyton has to do is get healthy in time to meet the contractual agreement. He is recovering from surgery performed May 23 to correct a disk in his neck and is expected to start training camp on the “Physically Unable to Perform” (or PUP) list.  However, he can be taken off the PUP list before the start of the season if he is checked out by the Colt’s medical staff  to be ready to play in the regular season.

Manning has played every game in 13 seasons and had just finished the final season of a seven-year deal he signed in 2004.  That deal grossed him close to $100 million over the seven years.

Isray is quoted as saying  “Signing Peyton was a top priority for this organization and we are thrilled that the deal is complete. “We feel that it is a salary cap friendly deal and it allows us more flexibility.”

Manning met with Irsay, and Bill Polian, Team President on Thursday to talk about the contract, and encouraged them to spend money saved on his potential deal to re-sign Colts free agents while building the team’s talent level and depth chart.

“While I appreciate Jim Irsay offering to make me the highest-paid player,” Manning told The Indianapolis Star, “I told him I’d rather he save that money and keep whoever it is … (running back) Joe Addai, (left tackle) Charlie Johnson … whoever that may be. I’m willing to take less than they’ve offered if they are going to take that money to keep players we need to keep and go get other players. All I want is for them to have the cap and the cash to keep the players they want to keep and to sign other players.”

What a guy!

Sources:  ESPN.go.com, www.latimes.com

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