The Eli Manning contract extension saga is finally coming to a close. Eli Manning and the Giants have finalized a deal that would keep the quarterback with New York though the 2019 season.
The four-year extension, which would start after Manning’s current contract expires following the 2015 season, is said to be worth $84 million, including $65 million in guaranteed money. Although previous reports hinted that Manning was seeking to become the highest paid quarterback in the NFL, this deal would not accomplish that. At an average of $21 million per season, it still falls slightly below the average annual value of contracts for Aaron Rodgers, Russell Wilson, and Ben Roethlisberger.
It doesn’t seem as though Manning will lose sleep over a little detail like that, though. He’s still about to get paid very handsomely to be the Giants’ quarterback for what could be the remainder of his career.
Although Manning’s contract situation was a source of discussion for the media and fans this summer, it was always a longshot that the franchise signal caller would enter the regular season without an extension. The Giants know they need a strong-armed leader like Manning to be competitive now and in the near future. They weren’t about to let him walk away and start over with backup Ryan Nassib or a lottery ticket from the NFL Draft.
Manning’s 63-percent completion rate last year, a career-high, made the decision to sign their man that much easier for the Giants. They’ve had Manning under center since trading for him at the 2004 NFL Draft and allowing him to take over the starting job midway through that season. With Manning and head coach Tom Coughlin leading the team, New York has won two Super Bowl titles in the past 11 seasons. Could one more be on the horizon? The Giants are showing that they’re willing to pay in order to find out.