NFL Media Insider Ian Rapoport reported Thursday that the Giants and Manning are finalizing a four-year, $84 million extension that could be signed by Friday, according to sources close to the situation. The deal is expected to included $65 million in guarantees.
Rapoport reported Wednesday that significant progress had been made in negotiations and optimism had grown that a deal would be in place before the Giants open the season on Sunday night against the Dallas Cowboys.
The deal is similar to recent extensions given to Chargers quarterback Philip Rivers and Seahawks quarterback Russell Wilson. Manning’s $21 million average per year salary would come in slightly behind Wilson ($21.9 million) and just ahead of Rivers (20.8 million). Aaron Rodgers ($22 million) is the NFL’s highest-paid signal-caller.
No big-money extension is a sure thing as an investment, but Manning, 34, is pretty close. He has never missed a start in 11 seasons, has nearly every Giants passing record and, of course, owns two Super Bowl MVP awards. His agent, Tom Condon, made the fair point that Manning’s unflappable nature in the New York spotlight is a factor in negotiations.
Whether or not he should be regarded as one of the game’s top quarterbacks, the Giants are thrilled to stay in business with one of their shining sons.