Giants GM Jerry Reese told reporters on Thursday that they have yet ton consider the idea of offering QB Eli Manning a contract extension.
“That’s yet to be said,” Reese said, per Ralph Vacchiano. “We don’t know what we’ll do with respect to that.”
Manning, 32, signed a seven-year contract worth $106.9 million that included $35 million guaranteed back in 2009. He still has two years remaining on current deal with base salaries of $15.15 million and $17 million coming his way.
The reason that an extension would make sense here is that Manning has a $20.4 million cap figure for the 2014 season. The Giants should have something close to $11 million to work with before any offseason moves are made, according to Overthecap.com, so an extension could free up additional resources for the offseason.
Manning is a candidate for a long-term extension, but a new deal is likely to increase his average base salary now that Aaron Rodgers, Matt Ryan and Joe Flacco have raised the bar for quarterback compensation. With this in mind, Manning could easily come close to $20 million annually in his next deal, considering that he has two Super Bowls rings in the past five years.
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