Eli Manning is in the final year of his contract and the New York Giants quarterback wants to get paid. According to NFL Network’s Ian Rapoport, the two-time Super Bowl winner is looking to sign a contract extension before Week 1 that will make him the highest-paid player in the NFL. Aaron Rodgers currently has the highest average annual salary at $22.0 million per year.
As it stands, Manning will make $17 million in the final year of his contract before becoming an free agent next season.
According to Pro Football Talk, Eli might have the leverage:
More important than Manning’s base salary of $17 million in 2016 is his cap number of $19.75 million.
So if the Giants use the franchise tag on Manning in 2016, he’ll make 20 percent more than $19.75 million. Which (abacus engaged) equates to $23.7 million. Which is $1.7 million more than the current high-water mark of $22 million per year, set byAaron Rodgers in 2013.
And that’s assuming the Giants simply use the non-exclusive version of the franchise tag. If they go exclusive, the number for 2016 will be closer to $25 million.
So why wouldn’t Eli want more than $22 million on a long-term deal? While it can be spun by the team that he’s looking to be the “highest-paid player in the league,” the truth is that Eli is simply trying to take fair advantage of the leverage his current deal creates.
That leverage consists of another 20-percent raise in 2017, when his franchise tender would be $28.44 million under the non-exclusive tag and roughly $30 million under the exclusive tag. That’s a $50.44 million minimum and a $55 million maximum over two years.
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