Indianapolis signs Peyton Manning to five-year, $90 million deal
Peyton Manning has a new long-term deal in time to report to training camp. He still hasn't been cleared to practice. Colts owner Jim Irsay...
INDIANAPOLIS — Peyton Manning has a new long-term deal in time to report to training camp.
He still hasn't been cleared to practice.
Colts owner Jim Irsay said he was "thrilled" to sign the only four-time MVP in league history to a deal that will likely keep him in Indianapolis for the rest of his career. It's a five-year contract for $90 million with $69 million of that paid in the first three years, Irsay posted on his Twitter account.
"Signing Peyton was a top priority for this organization and we are thrilled that the deal is complete," Irsay said in a statement released by the team Saturday. "We feel that it is a salary cap friendly deal and it allows us more flexibility."
The deal comes nearly five months after the team used the exclusive franchise tag to prevent Manning from negotiating with any other teams. Had Manning signed the one-year offer, he would have made $23.1 million this season.
• Plaxico Burress did everything but sign a contract while visiting the Pittsburgh Steelers.
Instead Burress hopped into an awaiting limo just as the team began afternoon practice at Saint Vincent University after a lengthy visit in which he met with owner Art Rooney, director of football operations Kevin Colbert and coach Mike Tomlin when he wasn't catching up with old teammates.
• Rookie Jake Locker, the former UW star, has a head start on veteran Matt Hasselbeck with the Tennessee Titans, and the quarterback plans to make the best of his advantage.
Hasselbeck has signed his three-year deal. But veterans such as Hasselbeck are stuck watching until Thursday under the new labor deal.
"I respect Matt," Locker said of Hasselbeck. "He's had a great career and been very successful, but I think I'd be doing him a disservice as well if I'm not pushing him to get him better. I'm going to prepare and do everything I can to give myself an opportunity to play."
• The Titans will be returning their starting offensive line intact after signing left guard Leroy Harris.
• Saints running back Mark Ingram, taken 28th overall in the NFL draft, signed a four-year contract worth about $7.4 million, a person familiar with the deal told The Associated Press. The person spoke on condition of anonymity because the Saints did not release terms.
• The Philadelphia Eagles signed free-agent defensive lineman Cullen Jenkins to a five-year contract and traded former defensive tackle Brodrick Bunkley to the Cleveland Browns for a fifth-round pick in next year's draft.
• Arizona reached an agreement with first-round draft pick Patrick Peterson, who could be practicing by Sunday. The cornerback from LSU was the fifth player taken overall in the draft.
• The St. Louis Rams and first-round pick defensive lineman Robert Quinn agreed to terms on a four-year contract with an option for a fifth season. Quinn was drafted 14th out of North Carolina.
The Rams also agreed to terms on a three-year deal with defensive tackle Justin Bannan, a nine-year veteran who played with Denver last season.
• Over a difference of $500,000, the Chicago Bears seem willing to risk the stability of their offensive line and the direction of the 2011 season. That's how far apart the team and center Olin Kreutz, the former UW star, were when contract talks broke down, according to a source close to negotiations.
"I think it's over," the source said. "They seem dead."
They appeared to die when the Bears refused to budge from their final offer of a one-year deal for $4 million to Kreutz. Kreutz sought a one-year contract worth $4.5 million.
Also, Chicago agreed to a two-year contract with running back Marion Barber and a one-year deal with nose tackle Amobi Okoye.
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