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August 7, 2009

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Home » Sports » American Football

Giants lock up Manning with huge deal

NEW York Giants quarterback Eli Manning has agreed to a six-year, US$97 million contract extension, making him the National Football League's highest-paid player.

A source, speaking on condition of anonymity because the deal had not been signed, said Manning will be paid about US$15.3 million in annual salary to the end of the 2015 season.

The deal means he will now be paid more than his older brother and Indianapolis Colts quarterback Peyton Manning, who receives an average US$14.2 million annually, and Oakland Raiders cornerback Nnamdi Asomugha, who will get US$15.1 million per year under his new three-year contract.

Carolina Panthers defensive end Julius Peppers will make US$16.7 million in the coming season - but it's only a one-year deal.

"He is a franchise quarterback," Giants General Manager Jerry Reese said on Wednesday. "He has done everything we asked him to do. He has come in, taken a lot of flack from you guys (the media) and he just keeps going. He does what we ask him on the field and he does what we ask him to do off the field. He is a good football player."

Rookie season

The New Orleans native, who took over as the Giants quarterback midway through his rookie season in 2004, has proven a worthy No. 1 overall draft pick. In his first four NFL seasons as the full-time starter, Manning has won a Super Bowl and was MVP of the game, helped his team to the playoffs all four years and is coming off his first Pro Bowl season.

Manning was in the final year of the contract he signed as a rookie in 2004 and will make US$9.4 million under that deal this season.

While Manning's contract was to expire at the end of this season, there was little chance the Giants would lose him to free agency. They could have named him a franchise player and Manning has long said he wants to stay in New York.

Last season, Manning threw 3,238 passing yards and 21 touchdowns. He also threw only 10 interceptions, 10 less than the previous season.

Manning has started the last 71 games for New York, the third-longest streak among active quarterbacks at the end of last season.


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