ESPN's Chris Mortensen is reporting (so there's at least a 50% chance it's true... I keed, I keed!) that the Giants and quarterback Eli Manning have agreed to a new six year contract extension worth $97 million. FOX Sports' Jay Glazer reports the deal calls for $35 million in guaranteed money.
Manning is in the last year of his current deal, where he will make $9.4 million. This new deal would pay Eli an average of $15.3 million per year. That annual pay would be higher than his big brother Peyton's $14.17 million per and the highest in the NFL.
While the contract seems a little large, Eli is a Super Bowl winning quarterback, is coming off a Pro Bowl season, and is the face of the franchise. He's the first "cornerstone quarterback" since Phil Simms and the Giants clearly wanted to keep him in blue, perhaps overpaying Manning to do so.