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Source: Manning issued contract proposal

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08:10 AM ET 01.24 | Peyton Manning is likely to sign the richest contract in NFL history, and the Colts hope to wrap it up by March 3. Team officials met with Tom Condon, Manning's agent, on Thursday at which time a contract proposal was issued, according to a source with knowledge of the situation. Condon confirmed Sunday afternoon that he drove to Indianapolis from his St. Louis home to meet with the Colts, but declined to elaborate. "It was pretty uneventful," he said. It's believed the Colts' offer would make Manning, the NFL's only four-time MVP, the highest-paid player in league history. ... Manning, who turns 35 in March, is one of 22 Colts whose contracts will expire. He's also one owner Jim Irsay is committed to retaining, likely for the remainder of his career. Irsay could not be reached for comment, but recently said, "The hope is to get something done before March 3. I look for it to get quietly done."

Indianapolis Star

Peyton Manning, Getty Images Peyton Manning, Getty Images
January 24, 2011  08:13 AM ET

Non story..

January 24, 2011  08:13 AM ET

That's a lot of contracts expiring at the same time. Nice planning if there is no next season.

January 24, 2011  08:13 AM ET

Raise your hand if you did not see this coming.

January 24, 2011  08:14 AM ET

Can't imagine why March 3 is such an important date...

January 24, 2011  08:30 AM ET

Next...

Comment #7 has been removed
January 24, 2011  08:32 AM ET

I don't think anyone lost much bladder control over this topic...

January 24, 2011  08:32 AM ET
QUOTE(#2):

Raise your hand if you did not see this coming.

ME!!! (trying to hold a straight face)

January 24, 2011  08:33 AM ET

Professional team, professional player. Why is this so surprising.

Now, if the Bingos and Ochostinko got together like this, that would be news. News we wouldn't care about, but news nonetheless.

January 24, 2011  08:34 AM ET
QUOTE(#8):

I don't think anyone lost much bladder control over this topic...

Al Davis, maybe?

January 24, 2011  08:59 AM ET
QUOTE(#11):

Al Davis, maybe?

Perhaps Jay Cutler because he saw a shadow?

January 24, 2011  09:25 AM ET
QUOTE(#11):

Al Davis, maybe?

Does he even have bladder control?

January 24, 2011  09:31 AM ET

I would love to stay in Indy as long as you make me the highest paid player in the history of the league.

Sincerely, the forehead

January 24, 2011  10:42 AM ET

The greater his contract the less likely that Indy can make it to the Super Bowl. Mega contracts under a salary cap are more than a little stifling.

January 24, 2011  10:49 AM ET
QUOTE(#4):

Can't imagine why March 3 is such an important date...

A day that will go down in Infamy....

January 24, 2011  10:52 AM ET
QUOTE(#14):

I would love to stay in Indy as long as you make me the highest paid player in the history of the league.Sincerely, the forehead

You can be a 4-12 team for years, or be competitive and relevant and sell a lot of my jerseys and season tickets and make lot of money off of me. Take your pick. Love Peyton.

January 24, 2011  10:59 AM ET

Peyton will be the theoretical highest paid player watching Opra reruns.

Comment #19 has been removed
January 24, 2011  11:58 AM ET
QUOTE(#19):

If Peyton is worth the richest contract in the NFL.............Then Exactly what is Big Ben worth?........who by the way is working on his 3rd SB Ring.....This coming from me, a diehard NY fan, but one who respects success.......Big Ben have a lot of it and is still very young. Peyton is being rewarded for limited success in terms of winning rings........that is what it is suppose to be all about.........isn't it? WOW!

You are right in some sense, but winning and what you get paid aren't necessary related. You win as a team, but when you're negotiating a contract, it's based on your individual talent and what you bring to the team. Trent Dilfer is a SB winning QB as well. Is he worth as much as Peyton? I think people always unfairly give too much credit and put too much blame on the QB when their team win/lose. As great as some of these QBs are, they didn't win those SB's by themselves.

 
January 24, 2011  12:29 PM ET
QUOTE(#19):

If Peyton is worth the richest contract in the NFL.............Then Exactly what is Big Ben worth?........who by the way is working on his 3rd SB Ring.....This coming from me, a diehard NY fan, but one who respects success.......Big Ben have a lot of it and is still very young. Peyton is being rewarded for limited success in terms of winning rings........that is what it is suppose to be all about.........isn't it? WOW!

The key phrase is "working on" as Big Ben won't get it this year. He's going down BIG to the Packers.

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