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Peyton Manning Signed A New Contract With The Colts, The Team Owner Terms Tweets
Indianapolis Colts knew that u had to re-sign Peyton Manning (notes) to a new contract - the figure of the CAP franchise if they would have been prohibitively expensive (over $ 20 million in 2011 league, which would have to Manning recording more than one sixth of a Colts' salary cap space total), an alternative to short to let test the open market would have been better.
Fortunately for the heart of Colts fans everywhere, the team was able to put up with perhaps the most important player in the history of the Colts - if we're not talking about Johnny Unitas. Manning signed a five-year, $ 90 million contract on Saturday that will pay him $ 69 million in the first three years.
"The signing of Peyton has been a priority for this organization and we are delighted that the case is over," said Colts owner Jim Irsay said in a statement released by the team Saturday. "We believe this case is a nice salary cap flexibility and allows us more."
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