It could be only a matter of time before Eli Manning and the New York Giants finally come to an agreement which will see the two-time Super Bowl-winning quarterback staying put for another 4 years.
With reportedly only minor details to be ironed out, Manning is likely to get a guaranteed pact of $84 million spread over four years.
The latest word about the ongoing contract talks between the Giants and Manning was first reported by Ian Rapoport of the NFL Network who adds that the contract could be signed as early as tomorrow.
Sources: #Giants & QB Eli Manning are finalizing a 4-year, $84M extension that could be signed tomorrow. Just a few details to hammer out.
— Ian Rapoport (@RapSheet) September 10, 2015
The only thing reportedly holding up talks concerns the guaranteed money (said to be around $65 million) and on whether it would include offset language. Further to that, Manning may also be looking at final year where he would be getting $17.5 million. Adding it all up, Manning stands to rack up his five-year total to $101.5 million if all falls into place. "It's not done yet," Manning told ESPN's Ed Werder late Thursday afternoon. "Hopefully it gets done very soon, and I can worry about football and not have to deal with this." Assuming the contract does get finalized, Manning stands to average $21 million with the four-year extension which will place him fourth among the highest paid quarterbacks in the NFL. The names ahead of Manning include Aaron Rodgers ($22 million), Russell Wilson ($21.9 million) and Ben Roethlisberger ($21.85 million).
Per source, last major holdup for Giants and QB Eli Manning is whether his guaranteed money will has offset language. — ProFootballTalk (@ProFootballTalk) September 10, 2015
What is exactly an offset language?
Per the new CBA, first-round contracts are four-year deals with a fifth-year option for the team. That option must be picked up by the March following the player's third year. Once that is exercised, a player's fifth year of the contract (as much as $10 million) is guaranteed for injury.
Such is done usually on the third year and seeing that Manning is headed into the final year of his contract, the said offset language is reportedly the only remaining block as we speak.
Manning himself admitted that potential contract extension talks were in the air even before the regular season started though he did add that he is not a big fan of undergoing negotiations while the season is ongoing.
“I’m not a big fan of negotiations going on during the season,” Manning said during an interview on WFAN, via Tom Rock of Newsday. “I’m hoping if this thing is going to get done, it’s going to get done very quickly. I would think both sides would want to do it that way and not have these talks continue on.”
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