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Blog Entry

Report: Eli reworks contract, saves Giants $6.75M

Posted on: March 8, 2012 3:08 pm
 
Eli's restructured his deal to help the Giants make another run. (Getty Images)
By Will Brinson

We've spent most of the past week talking about Peyton Manning, but his little brother Eli Manning -- you know, the one who just won a Super Bowl -- deserves some love too. Especially since he just reportedly restructured his contract to save the Giants some room under the salary cap.

According to Paul Schwartz of the New York Post, Eli made changes to his contract that will get him more money immediately and lower his salary for 2012.

Originally, Manning stood to make $10.75 million in 2012. Under the new restructured terms, his salary will be just $1.75 million, though he pockets $9 million right now. (Decent payday, and well worth the money.)

That means the Giants will receive $6.75 million in cap relief for 2012. Manning's contract for 2013, 2014 and 2015 remains unchanged: he'll still make $13 million, $15.15 million and $17.5 million, respectively.

It's a wise move for both sides. Manning gets a big cash payment, the Giants get more room (they were one of the more salary-soaked teams in the NFL) and Eli allows the Giants to try and keep valuable pieces around him, as they look to re-load and make another run at a title.

Here's an interesting additional twist, courtesy of Mike Florio of Pro Football Talk: because Peyton and Eli are now making significantly less than they were a week ago for 2012, recently-franchised Saints quarterback Drew Brees could see his franchise-tag value take a serious dip. Obviously that could change depending on how much Peyton signs for whenever he signs, but for now, it's just another reason for Brees to be less than thrilled.

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Comments

Since: Aug 16, 2006
Posted on: March 8, 2012 3:34 pm
 

Report: Eli reworks contract, saves Giants $6.75M

So Manning was set to make 10.75M next season and will still make 10.75M next season but now he'll get 9M of it right away?
Am I understanding this correctly?
How is that any kind of sacrifice for Eli?
I'd love it if my employer simply decided to pay me ~90% of my annual salary up front too.  I wouldn't consider that a sacrifice.
I thought from the headlines that he decided to take less in salary.  My mistake.



Since: Sep 7, 2011
Posted on: March 8, 2012 3:34 pm
 

Report: Eli reworks contract, saves Giants $6.75M

silly rabbit,.....tricks are for kids.


rtsfantasy
Since: Mar 6, 2012
Posted on: March 8, 2012 3:28 pm
This comment has been removed.

Post Deleted by Administrator




Since: Sep 7, 2011
Posted on: March 8, 2012 3:24 pm
 

Report: Eli reworks contract, saves Giants $6.75M

did you people know that A-ROD makes around 35K for each at bat?? What a joke....



Since: Sep 7, 2011
Posted on: March 8, 2012 3:15 pm
This comment has been removed.

Post Deleted by Administrator



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