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Giants, Eli Manning said to be close on $120M contract extension
by Staten Island Advance Wednesday January 14, 2009, 1:11 PM
The New York Giants are close to locking up quarterback Eli Manning's services for a long, long time. The New York Daily News is reporting that the Giants and Manning are negotiating a seven- to eight-year deal in the neighborhood of $110-120M with $40M of that money guaranteed.
That could be more than the money his brother, three-time MVP Peyton, is making with the Colts. He signed a seven-year, $98M deal with Indianapolis in 2004.
Here's some more details from the News' Ralph Vacchiano:
by Staten Island Advance Wednesday January 14, 2009, 1:11 PM
The New York Giants are close to locking up quarterback Eli Manning's services for a long, long time. The New York Daily News is reporting that the Giants and Manning are negotiating a seven- to eight-year deal in the neighborhood of $110-120M with $40M of that money guaranteed.
That could be more than the money his brother, three-time MVP Peyton, is making with the Colts. He signed a seven-year, $98M deal with Indianapolis in 2004.
Here's some more details from the News' Ralph Vacchiano:
Based on interviews with several agents and personnel people, Eli Manning appears to be in line for a seven- or eight-year contract worth $110 million-$120 million with $40 million in guarantees. That would make the 28-year-old the eighth quarterback to top the $100 million barrier, and would put him near the top with Philadelphia's Donovan McNabb (12 years, $115million), Cincinnati's Carson Palmer (nine years, $118.75 million), and former Atlanta quarterback Michael Vick (10 years, $130 million).
"We know," said one team source. "But that's money we're going to be happy to pay."
After leading the Giants to an improbable Super Bowl win over the previously unbeaten Patriots last season, Manning led the Giants to a blistering 10-1 start and appeared primed for another Super Bowl run. But wide receiver Plaxico Burress shot himself in the leg in a Manhattan night club and was suspended for the remainder of the season and the Giants stumbled in the final five games, going 2-3 before they were eliminated by the Eagles last weekend."We know," said one team source. "But that's money we're going to be happy to pay."
