Colts, Peyton Manning agree to 5-year, $90 million contract

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The Colts have Peyton Manning in the fold for five more years.

Manning, the Colts’ franchise quarterback since 1998, has agreed to a five-year, $90 million contract, ESPN’s Chris Mortensen is reporting.

Colts owner Jim Irsay has said that Manning deserves to be the highest-paid player in the league, but Manning said he was willing to take less than the Colts were offering if it meant they’d have more salary cap space for some of his teammates. Mortensen reports that Irsay was willing to go up to $100 million over five years.

We don’t yet know how the numbers break down — how much is guaranteed, how big a signing bonus Manning received — but Manning will average $18 million a year for five more years. Manning agreed to a deal with the same average value as Tom Brady got on his four-year, $72 million contract with the Patriots.

And Manning will be the Colts’ quarterback through the 2015 season, when he’ll be 39 years old.

69 responses to “Colts, Peyton Manning agree to 5-year, $90 million contract

  1. He’s gonna break Favre’s record(TDs, yards, starts, etc.). I’m sure those numbers drive him a bit besides the quest for more Super Bowls.

  2. Peyton Manning is worth far more than $18 M per.

    I suppose at some point one can say he’s making so much money that it doesn’t matter, but still…agreeing to that deal was quite the charitable act on Manning’s part.

  3. He would have taken less? How much less? And now how much cap room do the Colts have to sign other players?

    TskTskTsk! Poor baby.

  4. Hopefully he wont still be terrorizing the league at 39 but I wouldn’t be suprised if he was.

  5. According to ESPN, the $100 million was heavily back loaded, meaning that he would have probably never received the full contract. He would have been the highest paid player on paper only. All they did was take out the unrealistic back years and pay him what he was going to get any way.

  6. $18 mill a year for 1 super bowl, constistantly choking in playoff games and throwing team maets under the bus, plus he has a bad neck!! Bad deal!!!

  7. I bet they’re paying him some guaranteed money in the last 2 years. He’s probably gone after 3 … so it’s like a severance deal.

  8. Well it’s about time he thought of his team. That has been my #2 complaint about him all along that he always put himself first.( unless it was blame for a playoff loss) My #1 complaint he can’t fix though and that’s that he went to Tennessee. Go Georgia and go Green bay!

  9. Yeah… He sure seems concerned about keeping and obtaining talent.

    Far from the league minimum, that’s for sure.

  10. Maybe Potatohead be earning Brett Favre money when he is 40. If he gets a 5 million dollar raise on his next contract. 🙂

  11. Happy for the Colts and their fans.

    Additionally, the Manning family adds another $90 million to their pile.

    Nice of Peyton to see that his yearly salary only matches Brady’s, not exceeds it.

    All of that extra cap room that Peyton generously created for the Colts can now be used to pay for the equipment manager’s dry cleaning and the parking ticket that Caldwell received last week.

  12. goawayeverybody says:
    Jul 30, 2011 3:31 PM
    So much for Manning agreeing to less money. Gee, what a guy.

    He couldve gotten way more if he had wanted.

  13. Congrats Colt fans. The Patriots and Colts can keep the rivalry alive for another 5 years. I love it.
    Heres to watching two of the best QB’s ever going head to head for another 5 years.

  14. WOW! thats it? I thought for sure he would be in the $25m range. Shows what a team player he is and how much he wants to win. Good for him and the Colts for getting a fair sensible deal done for a great player.

    On a side note if Peyton Manning is only getting paid $18m per season NO WAY does Pujos deserve $30m. We will see what kind a man he is this year, if hes the great “team oriented guy” that just wants to win that everyone claims he is or if hes just another closet “money is all that matters guy” that no one knew about because he was quiet.

    Its sad for former Bitter Beard Face Fans but the analogy will probably be for now on, is he a Peyton Manning or a Jayson Werth?

  15. The best in the league takes less than what he was offered and proves he’s worth more and people still have to rag on him. Lets see you people go play for a team and break a record every time you touch the ball and be a Pro Bowl player since coming into the NFL. Don’t hate if you can’t do it yourself.

  16. jcanavati says:
    Jul 30, 2011 3:51 PM
    goawayeverybody says:
    Jul 30, 2011 3:31 PM
    So much for Manning agreeing to less money. Gee, what a guy.

    He couldve gotten way more if he had wanted.

    You’re missing the point – certain people always need something to whine about.

    Manning could have taken $5M a year and certain folks would whine that he always could have taken the minimum. I mean geez, doesn’t Manning have enough money squirreled away? 🙂

  17. jcanavati:

    100 million versus 90 million is not “way more.” His ego was never going to allow him to make less than Tom Brady, even though Brady is far more successful.

  18. I suspect the Colts will have paid Peyton around $200 million or more over his career by the end of this contract.

    That one Lombardi Trophy will have cost 200 million+ just for the QB position. Pricey.

  19. Considering he’s only won 1 Super Bowl, I find it ridiculous they’re committing 18 million against the cap when he’s 37, 38, and 39 years old.

  20. Ya know, not 1 person has actually typed out the number, its always 90 mil is what they put. I guess you’re worried about wearing out your zero button.

    $90,000,000. Wow! (Looks like a lot more this way. I will be lucky to make 1 million in my entire life.

    Maybe Peyton can help us with the National debt now.

  21. He is the best Qb to ever play……. Period!

    It’s the same per year average that Brady got. When was the last time he won a super bowl?

    He’ll play until he chooses not to, until then He’ll get paid as one of the best. Thise that don’t understand that, really have no idea how this works.

    I’m more disgusted by the fact that Stafford and Bradford make almost the same money as Brady and Manning.

  22. Funny how all you idiots forget that he doesn’t play alone. “He only won 1 SB!” No, HIS TEAM only won 1 SB. He’s leaving money on the table so his TEAM can be improved.

    clayjayhawk says: Jul 30, 2011 3:40 PM

    Well it’s about time he thought of his team. That has been my #2 complaint about him all along that he always put himself first.( unless it was blame for a playoff loss) My #1 complaint he can’t fix though and that’s that he went to Tennessee. Go Georgia and go Green bay!

    You need to not post and grow up, in that order. Your opinion means squat since you’re still harboring a CHILDISH grudge. Seriously, grow up.

  23. What’s funny is that if Manning were an unrestricted free agent, the same people that are complaining over him taking 5 years / $90 M would be dancing in the streets if Manning signed with THEIR team even at a higher price- kinda like Eagles fans are with Nnamdi Asomugha.

  24. For all the idiots thinking he should have taken less. HE DID! He is making what Brady is making in NE, and probably less than what Rogers will make when he makes his new deal soon. Anytime a team says they want to pay a player over 20 million per year (actual numbers were closer to 23 million), how many players do you think would turn that down? Probably 2 (Manning and Brady), and that’s why the Pat’s and Colts are always at or near the top of the heap, because its a team game and the two guys who make the most money, are also the two guys who restructure their contracts to make it easier for their teams to be competitive.

    P.S. For the people complaining about his age and how much he makes. I would take a 35 year old, 4 time MVP, 1 time Superbowl MVP, over some chump who makes nearly that much playing for the Steelers. Hell that dude’s own team mates know he wins superbowls because that defense is the most consistent and reliable defense in the league.

  25. Fact is, the guy deserves to be the highest paid QB. Brady is great and all, but he can be replaced (11-5 with Matt Cassel)… Manning is the face of the Colts and has made them a perenial Superelevant for the past decade.

    Brady was only winning rings when his D was holding teams to 16 points per game in the playoffs. Now that they’re giving up 20+ points per game, he’s a sub. 500 playoff QB as well.

    It takes an entire team to win in the playoffs… That being said, congrats to him and the Colts

  26. what a good guy owner wants to pay you 100 million and you say hell no i want 90 million(sarcasm) now if they said 100 million and he said 50 or 60 million i might buy that hes a good guy doing whats best for his team.

  27. For those of you who are complaining about Peyton getting the 90 million this is what the headline would have read. “Peyton Manning holds a gun to the head of the Colts owner and demands 90 million” Now you can complain if that is the headline. Other than that blame the ones who were willing to offer him the contract.

  28. keeponhating says:
    Jul 30, 2011 5:02 PM
    what a good guy owner wants to pay you 100 million and you say hell no i want 90 million(sarcasm) now if they said 100 million and he said 50 or 60 million i might buy that hes a good guy doing whats best for his team.

    I would certainly give up $30 – $40 million if it might make you think I was a good guy (rolling my eyes as I type…)

  29. Pure class! I’m glad #18 will be leading our team for the next 5 years. He will have every record and probably get us two more Super Bowls. The best ever.

    Shame on the people stating that he is overrated and “not worth the money”. He’s worth way more than that and any one of your teams would have given their soul to sign him!

  30. How many rings does he have, how in the world can you say he’s worth top $$$ in the league. Ranked 10th last year overall with 17 int’s and a 92 rating. Hardly worth the money.

  31. He isn’t giving anything back. The contract is all front loaded at 23 mil per for the first 3.

    It’s all smoke and mirrors PR gimmickry to feed the “ignorant masses” (aka, Colt’s fans).

  32. All this talk of Peyton Manning being so “generous” to turn down a bigger offer is a load of garbage and a pack of lies! He’s making 23 million a year the first three years and then 10.5 million the last two years. What are the chances that he’ll only accept 10.5 million the last two years if he’s still around and playing well?

  33. Geez, this guy can never win with some people. He DID take less. His owner actually said “I want to make him the highest paid player in NFL history” and Peyton was like, “no thanks, just give me what Brady gets”. I know it’s hard to think of $90 million as “less”, but it is. Again: THE GUY’S OWNER OFFERED MORE AND HE SAID NO THANKS.

    All he does is start every game and remain among the top two or three QBs every year, and he’s still getting grief.

  34. you colts fans dont get it, HE DIDNT take less. He will get paid 23 mil a year for the fist 3 years of that contract, that is 5 mill a year more than Brady. The last two years are at 10.5 each, no way he plays those years under that deal.

    And the guy who brought up Cassell in regards to Brady being replacable is an idiot. Brady went 16-0 with the same team Cassel went 11-5 with. If Peytons team lost 5 more games without him they would be 4-12. Cassell was no where near what Brady was in that season. Go look at Cassells stats for the Patriots, then compare them to Bradys the year before with the SAME EXACT team.

  35. I don’t understand why the fans have such strong opinions over what these guys get paid. Why does it matter? Every negotiation is at a different time and place with different players, ages and abilities. Everyone sees these players as different value. As fans, it has absolutely nothing to do with us.

  36. Boy, and I thought the Cowboys were stupid with that Romo thing. Good bye Colts!!!! I will watch and laugh for the next five years. Dumb-dumb-dumb….

  37. kom2k10 says: Jul 30, 2011 4:59 PM

    Fact is, the guy deserves to be the highest paid QB. Brady is great and all, but he can be replaced (11-5 with Matt Cassel)… Manning is the face of the Colts and has made them a perenial Superelevant for the past decade.

    Brady was only winning rings when his D was holding teams to 16 points per game in the playoffs. Now that they’re giving up 20+ points per game, he’s a sub. 500 playoff QB as well.

    It takes an entire team to win in the playoffs… That being said, congrats to him and the Colts

    __________________________________

    Get a clue. That 11-5 Pats team played a puss schedule. They had 3 wins against teams that ended up with a winning record (and 4 loses).

  38. I bet Peyton Mannings future great great great grand kids love the idea of him declining to take an extra 10 million dollars from a billionaires great grand kids. I always think about that when a athlete takes less money. Yea they dont need that money but what about their lineage? That money isnt going to last forever and that extra 10 million could have kept a few more generations going strong. Thats why I really dont begrudge Jayson Werth for deciding taking the money was more important to him then another ring.

    Anyway, did we just witness Peyton Manning sign the last contract of his already Hall of Fame career?

  39. Hey! How bout an update at the bottom of the article that points out his 2011 cap hit is only $16 million. Yes, 7 million less than what it would have been with the franchise tag. That $7 mil goes a long way to retaining key players like he wanted.

  40. kom2k10 says: Jul 30, 2011 4:59 PM

    Brady was only winning rings when his D was holding teams to 16 points per game in the playoffs. Now that they’re giving up 20+ points per game, he’s a sub. 500 playoff QB as well.

    _____________________________

    Hey, get me a list of teams that are winning lots of playoff games when their D is giving up 20+ points a game. That should be easy. It will be a very short list.

    Brady’s TD rate in the playoffs translates to 25 TDs in a season. (30 in 19 playoff games).

    Not too shabby against the best teams in the league.

    Oh, and that’s one TD better than Manning in the same number of playoff games (19), many of which were played outdoors in crappy weather, not in a dome.

    And let’s not even mention Brady’s 7-1 TD/INT ratio in the superbowl compared to Manning’s 2-2 ratio.

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