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The Indianapolis Colts have locked up Peyton Manning to one of the most lucrative contracts in league history, SportsLine.com has learned.
According to sources closes to Manning, the quarterback and the Colts have agreed in principle to a seven-year, $99.2 million contract including a stunning $34.5 million signing bonus. The deal also calls for an extra $19 million in bonus money, in the form of roster bonuses of $9 million in year three and $10 million in year four.
According to the sources, the deal has not yet been signed but it has been agreed upon in principle. Manning has been traveling during the past couple of weeks -- Honolulu for the Pro Bowl, to Maui for the wedding of friend and former teammate Jim Finn, among other places -- but should put his signature on the deal Tuesday.
Calls to Mannings cell phone and his agent have not yet been returned.
The structure of the deal helps the Colts by dropping Manning's cap number for the 2004 season from $18.4 million to a little over $8 million.
Source: sportsline
According to sources closes to Manning, the quarterback and the Colts have agreed in principle to a seven-year, $99.2 million contract including a stunning $34.5 million signing bonus. The deal also calls for an extra $19 million in bonus money, in the form of roster bonuses of $9 million in year three and $10 million in year four.
According to the sources, the deal has not yet been signed but it has been agreed upon in principle. Manning has been traveling during the past couple of weeks -- Honolulu for the Pro Bowl, to Maui for the wedding of friend and former teammate Jim Finn, among other places -- but should put his signature on the deal Tuesday.
Calls to Mannings cell phone and his agent have not yet been returned.
The structure of the deal helps the Colts by dropping Manning's cap number for the 2004 season from $18.4 million to a little over $8 million.
Source: sportsline