Peyton Manning has a new long-term deal in time to report to training camp.
He still hasn't been cleared to practice.
Colts owner Jim Irsay said he was "thrilled" to sign the only four-time MVP in NFL history to a deal that likely will keep him in Indianapolis for the rest of his career. Details of the contract were not immediately available but it is believed to be for five years. The contract reportedly is worth $90 million.
New England's Tom Brady earns $18 million a year.
"Signing Peyton was a top priority for this organization and we are thrilled that the deal is complete," Irsay said in a statement released by the team Saturday. "We feel that it is a salary cap-friendly deal and it allows us more flexibility."
The deal comes nearly five months after the team used the exclusive franchise tag to prevent Manning from negotiating with other teams. Had Manning signed the one-year offer, he would have made $23.1 million this season.
By getting the long-term deal done, Manning's salary cap number will be reduced, allowing the team to sign more of its own free agents.
Other key players that Indy is trying to work out deals with include running back Joseph Addai and left tackle Charlie Johnson. They still have not signed first-round pick Anthony Castonzo, either.
Manning will not practice because he's continuing to rehabilitate from neck surgery in May. It was the second time since March 2010 that he had neck surgery.
Seahawks move on
Seattle coach Pete Carroll expects former Viking Tarvaris Jackson to be the Seahawks' starting quarterback on opening day.
"In this situation, to make things the most competitive for our team, Tarvaris needs to be our starter right now," Carroll said. "He comes in as our starter, he's going to own that position."
Jackson signed a two-year deal with the Seahawks on Friday.
Carroll says Jackson's familiarity with offensive coordinator Darrell Bevell gave the newcomer the edge over Charlie Whitehurst. Jackson and Bevell worked together in Minnesota from 2006-10.
Jackson alternated between starter and backup during five seasons with the Vikings, starting 20 games and throwing almost as many interceptions (22) as touchdowns (24).
Saints' Ingram signs
Heisman Trophy winner Mark Ingram couldn't wait to put on his jersey.
Moments after signing his rookie contract with the New Orleans Saints, Ingram was pulling his No. 28 jersey over shoulder pads, grabbing his helmet and trotting onto the field at club headquarters halfway through the second practice of training camp.
Ingram reportedly signed a four-year contract worth nearly $7.4 million.
He still hasn't been cleared to practice.
Colts owner Jim Irsay said he was "thrilled" to sign the only four-time MVP in NFL history to a deal that likely will keep him in Indianapolis for the rest of his career. Details of the contract were not immediately available but it is believed to be for five years. The contract reportedly is worth $90 million.
New England's Tom Brady earns $18 million a year.
"Signing Peyton was a top priority for this organization and we are thrilled that the deal is complete," Irsay said in a statement released by the team Saturday. "We feel that it is a salary cap-friendly deal and it allows us more flexibility."
The deal comes nearly five months after the team used the exclusive franchise tag to prevent Manning from negotiating with other teams. Had Manning signed the one-year offer, he would have made $23.1 million this season.
By getting the long-term deal done, Manning's salary cap number will be reduced, allowing the team to sign more of its own free agents.
Other key players that Indy is trying to work out deals with include running back Joseph Addai and left tackle Charlie Johnson. They still have not signed first-round pick Anthony Castonzo, either.
Manning will not practice because he's continuing to rehabilitate from neck surgery in May. It was the second time since March 2010 that he had neck surgery.
Seahawks move on
"In this situation, to make things the most competitive for our team, Tarvaris needs to be our starter right now," Carroll said. "He comes in as our starter, he's going to own that position."
Jackson signed a two-year deal with the Seahawks on Friday.
Carroll says Jackson's familiarity with offensive coordinator Darrell Bevell gave the newcomer the edge over Charlie Whitehurst. Jackson and Bevell worked together in Minnesota from 2006-10.
Jackson alternated between starter and backup during five seasons with the Vikings, starting 20 games and throwing almost as many interceptions (22) as touchdowns (24).
Saints' Ingram signs
Heisman Trophy winner Mark Ingram couldn't wait to put on his jersey.
Moments after signing his rookie contract with the New Orleans Saints, Ingram was pulling his No. 28 jersey over shoulder pads, grabbing his helmet and trotting onto the field at club headquarters halfway through the second practice of training camp.
Ingram reportedly signed a four-year contract worth nearly $7.4 million.
No comments:
Post a Comment