Mr. Laz
02-15-2011, 06:55 PM
Updated: February 15, 2011, 7:24 PM ET
Source: Colts tag QB Peyton Manning
<cite class="source">ESPN.com news services
</cite>
http://a.espncdn.com/media/motion/2011/0215/dm_110215_nfl_clayton_manning.jpg
Colts Place Franchise Tag On Manning
The Indianapolis Colts (http://espn.go.com/nfl/team/_/name/ind/indianapolis-colts) have franchised quarterback Peyton Manning (http://sports.espn.go.com/nfl/players/profile?playerId=1428) and have given him the "exclusive" designation, a source told ESPN senior NFL analyst Chris Mortensen.
AFC South blog
Of the players given franchise tags by their teams so far, only Manning and Michael Vick (http://sports.espn.go.com/nfl/players/profile?playerId=2549) received the "exclusive" designation, barring them from talking with other teams, league sources told Mortensen and ESPN NFL Insider Adam Schefter.
Manning will be due a salary over $23 million under the present formula. The Colts say they will continue to work on a long-term contract with Manning.
It was reported in late January that the two sides had met, with the Colts, according to a source, making their first proposal for the three-time league MVP.
It has been expected that whenever Manning and the Colts do agree on a new deal it will be the richest ever for an NFL player.
By franchising the Super Bowl XLI winning quarterback, the Colts agree to pay the average of the top salaries at his position in 2011.
With a new collective bargaining agreement still being negotiated, there is a chance the franchise designation will cease to exist after the current CBA expires on March 4.
Source: Colts tag QB Peyton Manning
<cite class="source">ESPN.com news services
</cite>
http://a.espncdn.com/media/motion/2011/0215/dm_110215_nfl_clayton_manning.jpg
Colts Place Franchise Tag On Manning
The Indianapolis Colts (http://espn.go.com/nfl/team/_/name/ind/indianapolis-colts) have franchised quarterback Peyton Manning (http://sports.espn.go.com/nfl/players/profile?playerId=1428) and have given him the "exclusive" designation, a source told ESPN senior NFL analyst Chris Mortensen.
AFC South blog
Of the players given franchise tags by their teams so far, only Manning and Michael Vick (http://sports.espn.go.com/nfl/players/profile?playerId=2549) received the "exclusive" designation, barring them from talking with other teams, league sources told Mortensen and ESPN NFL Insider Adam Schefter.
Manning will be due a salary over $23 million under the present formula. The Colts say they will continue to work on a long-term contract with Manning.
It was reported in late January that the two sides had met, with the Colts, according to a source, making their first proposal for the three-time league MVP.
It has been expected that whenever Manning and the Colts do agree on a new deal it will be the richest ever for an NFL player.
By franchising the Super Bowl XLI winning quarterback, the Colts agree to pay the average of the top salaries at his position in 2011.
With a new collective bargaining agreement still being negotiated, there is a chance the franchise designation will cease to exist after the current CBA expires on March 4.