Re: Indianapolis? Hello? Anyone home? (merged)
And Florio backs this up:
Manning will get $69 million in first three years | ProFootballTalk
So Manning altruistically took the "same" money as Brady, but will get paid far more than Brady. So over the next three years, Manning will make the same as Brady except he will really make $20 million more.
Yup. Apples and oranges. The only measure by which these deals are identical is new money average. In all other respects they are wildly dissimilar. The gold standard is guaranteed money or first three year earnings. We know all this about Brady's deal:
Guarantees
•$48.500 Guarantee at the time of signing
•$28.3M is guaranteed for Skill, Injury & Salary Cap
•$19.7M is guaranteed only for Injury & Salary Cap, meaning Brady could be cut for “skill” and that money would not be earned.
Averages Per Year
•$72.M for the four-Year Extension
•$18M annual average
•$78.5M for the full five-year contract
•$15.7M annual average
Cash Earned
•$26.5M in 2010 (Y1): The original $ 6.5M in salary and old bonus, plus $ 4M in new money and $ 16M signing bonus.
•$36.5M 2011 (Y2): This is his 2011 earning plus 2010.
•$48.5M 2012 (Y3): Three-year total.
•$63.6M 2013 (Y4): Four-year total
•$78.5M 2014 (Y5): Total value of contract if he plays it out fully.
We don't know what portion of Manning's deal is fully or partially guaranteed or how his deal is structured. We do know he will get at least $23M in Y1, $46M by Y2 and $69M by Y3. Given Irsay says his cap hit will be $16M in 2011, he's getting more of the $69M in Y1 than $23M.
That said, Peyton certainly did step up compared to last time out not to mention considering Irsay inexplicably wanted to pay him $20M and Tom Condon was prepared to justify in excess of that (Condon must be apoplectic, first his rookies now this...).
Brady's deal is a 5 year $78.5M deal. Mannings deal is a 5 year $90M deal...
Brady's deal was struck in the uncapped final year of his old deal allowing the team to save about $7M in future cap hits. Mannings deal because they couldn't come to terms before the end of last season is all new money. And will bring his career haul to $238M over 18 years or $13.22M per year dating back to the days of the double digit team salary cap... That much we do know. What a guy!!!
PS...he's been placed on PUP and is not expected to participate in camp though he is hoping to be ready to play by week 1...
