Peyton Manning is getting another deal with Indianapolis Colts

Wednesday, 16 February 2011 11:04

Written by Glen Bloomberg

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Peyton Manning is getting another deal with Indianapolis Colts  - Throughout this offseason, if anyone was going to be getting the franchise tag, Indianapolis Colts quarterback Peyton Manning was going to be included on the list. Though there were hints last week that the Colts would wait until closer to the tag deadline to make the move, they've decided to join the party on Tag Tuesday, according to ESPN senior NFL analyst Chris Mortensen.

Mort also confirmed that Manning's one-year tender due to the tag will be just over $23 million for 2011, and that the Colts will continue to work with Manning and agent Tom Condon on a long-term contract extension to replace the tag tender.

Following the $50 million guaranteed deal doled out to Sam Bradford last offseason, former Colts coach Tony Dungy argued that Manning (and Tom Brady) were worth $70 to 80 million in guaranteed money. It's unclear if that is Manning and Condon's target figure, but the Colts may wait until the new CBA is reached in order to structure the contract in tune with the new tenets of the agreement.