Manning draws $23M franchise tag from Colts

[Mooche]

Colts assigned the exclusive franchise tag to Peyton Manning.
The Colts still plan to make Manning the highest-paid player in the game. The sides will continue to work on a long-term deal, but the team is hesitant to pull the trigger until the labor uncertainty shakes out. This is the second time Manning has drawn the tag, having done so in 2004 as a precursor to his seven-year, $98 million contract. Manning's franchise tag number, 120 percent of his 2010 salary, is expected to be in the neighborhood of $23 million for 2011.

This is just to keep Manning and his exclusive rights safe to the Colts. I believe the deal is still being discussed and the dollars and cents will be finalized at a later date.

 

[kam.]

Meh, Knew it was going to happen.. so surprise. He'll flame out as a Colt in about 3/4 years.

 

[Mooche]

Meh, Knew it was going to happen.. so surprise. He'll flame out as a Colt in about 3/4 years.

And he'll have a minimum of three solid more years left in him in Indy blue. Not a problem with me.