Manning and the Giants are not making much progress on what would be his second contract extension, per Graziano. The team kept a close eye on the Steelers’ re-signing of Ben Roethlisberger, who’s on the same timeline with Manning as a member of the loaded 2004 quarterback class, but believe Manning will ask for more than the $99MM Roethlisberger received over five years.
The Giants want the 34-year-old Manning to finish his career in New Jersey but aren’t willing to make that kind of commitment right now, according to Graziano. They could save more than $10MM on this year’s salary cap by doing a Manning extension, but most of the noteworthy free agents are already off the market, diminishing the impact of such a maneuver.
After signing a six-year, $97MM deal in 2009, Manning made Pro Bowls in 2011 and 2012 and rebounded from a down 2013 with a career-high 63% completion rate last season under new offensive coordinator Ben McAdoo. Manning’s cap number is $19.75MM this season, which exceeds all other Giants by more than $5MM.
Graziano does not believe Manning and the Giants will come to an agreement this offseason, considering the current sides’ stances but adds the Giants, with two 21st-century Super Bowls in tow in large part due to Manning’s playoff performances, won’t have an issue paying Manning on par with the league’s elite QBs despite the former No. 1 overall pick not having the individual accolades that group does.