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Eli gets contract extension


BigPete
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Eli has his contract extension

 

from kffl.com

 

Giants | Manning agrees to contract extension

Wed, 05 Aug 2009 13:07:51 -0700

 

Updating a previous report, ESPN.com reports the New York Giants have agreed to a new six-year deal with QB Eli Manning that is worth $97.5 million, a source told ESPN's Chris Mortensen. The deal includes $35 million in guaranteed money.

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Actually this deal is a little less that what I was expecting, considering the kind of deal the top guys are getting at the moment.

 

it averages around $16.2 million a season and under $6 million guaranteed, very reasonable particularly when you consider Eli has a cap number of around $14.3 million this season

It also means Eli is locked up through 2015

 

The deal also happened quite quickly, great work by all involved.

 

 

Consider what has been happening with the contract extensions of players like DeMarcus Ware, Anquan Boldin, Roddy White etc.

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I read somewhere that this is the largest average salary in a contract to date.

 

Julius Peppers is on a bigger deal:

 

6/24/2009: Signed a one-year, $16.683 million contract. The deal is guaranteed. Another $1.5 million is available if Peppers makes his fifth Pro Bowl, and he can earn $250,000 more per Panthers playoff win, including the Super Bowl.

 

 

This is alot of money now, but not in a few years time. Contracts have been spiraling up in recent years, top WRs regularly demand $9million a year

 

If there is a salary cap next year, it will likely be alot higher due to a new CBA; otherwise the top money will be huge due to an uncapped year. Either way there will be a serious increase in contracts again next year.

 

To put things in perspective:

 

Matt Stafford's deal is a six-year, $72 million contract with $41.75 million guaranteed. Thats $12mil per year and more guaranteed money for a guy who has never stepped on the field in the NFL.

 

The Cardinals gave 38 year old Kurt Warner a 2 year $23 million deal

 

Against that Eli's deal seems reasonable for a young, proven, superbowl winning, probowl QB.

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