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http://www.tennessean.com/article/20110215/SPORTS01/110215100/2080
The move is hardly a surprise.
Last year, Irsay promised to make Manning the NFL’s highest-paid player. He has reiterated that position many times since then with one caveat — if the Colts couldn’t reach a new deal with Manning before free agency started they would use the franchise tag.
The Colts did the same thing in 2004 before eventually agreeing to a seven-year, $98 million deal. The Colts then pulled the tag.
Irsay hasn’t backed down on either promise, and Manning, as he usually does, has remained silent about the contract.
Three weeks ago, the Colts put their first formal proposal on the table. It was an offer Irsay and team president Bill Polian wanted to make last October, but Manning informed the team then, through his agent, that he did not want to start negotiating until after the season.
The current offer is believed to be richer than the four-year, $72 million contract that New England quarterback Tom Brady signed in September. Brady’s contract also included $48.5 million in guaranteed money, and Irsay has called that deal the standard.
“It’s not a normal negotiation, his legacy and our relationship, it’s very unusual,” Irsay said last month.
On Tuesday, Indy decided not to wait any longer to make its decision.
By “tagging” Manning, no other team can negotiate with the Colts’ franchise quarterback.
How critical is Manning to the Colts’ success?
In 13 seasons, he has broken all the franchise’s career records for quarterbacks and has never missed a start. He’s taken Indy to the playoffs 11 times, captured seven AFC South titles in eight years, won two AFC championships, one Super Bowl title and a Super Bowl MVP Award.
http://www.tennessean.com/article/20110215/SPORTS01/110215100/2080
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- Sports Tennessee Titans
INDIANAPOLIS — The Indianapolis Colts are keeping Peyton Manning — no matter what it costs.
Manning, the only four-time MVP in league history, has been given the exclusive franchise tag, a move that could cost the Colts $23 million next season. Team owner Jim Irsay announced the decision Tuesday night on Twitter.
“We have placed the franchise tag on Peyton while we continue to negotiate a long term deal,” Irsay wrote.
The move is hardly a surprise.
Last year, Irsay promised to make Manning the NFL’s highest-paid player. He has reiterated that position many times since then with one caveat — if the Colts couldn’t reach a new deal with Manning before free agency started they would use the franchise tag.
The Colts did the same thing in 2004 before eventually agreeing to a seven-year, $98 million deal. The Colts then pulled the tag.
Irsay hasn’t backed down on either promise, and Manning, as he usually does, has remained silent about the contract.
Three weeks ago, the Colts put their first formal proposal on the table. It was an offer Irsay and team president Bill Polian wanted to make last October, but Manning informed the team then, through his agent, that he did not want to start negotiating until after the season.
The current offer is believed to be richer than the four-year, $72 million contract that New England quarterback Tom Brady signed in September. Brady’s contract also included $48.5 million in guaranteed money, and Irsay has called that deal the standard.
“It’s not a normal negotiation, his legacy and our relationship, it’s very unusual,” Irsay said last month.
On Tuesday, Indy decided not to wait any longer to make its decision.
By “tagging” Manning, no other team can negotiate with the Colts’ franchise quarterback.
How critical is Manning to the Colts’ success?
In 13 seasons, he has broken all the franchise’s career records for quarterbacks and has never missed a start. He’s taken Indy to the playoffs 11 times, captured seven AFC South titles in eight years, won two AFC championships, one Super Bowl title and a Super Bowl MVP Award.
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