Eli Manning and New York Giants Agree on a Six Year Deal Worth $97 Million

Bleacher ReportCorrespondent IAugust 5, 2009

EAST RUTHERFORD, NJ - JANUARY 11:  Eli Manning #10 of the New York Giants walks off the field after losing to the Philadelphia Eagles during the NFC Divisional Playoff Game on January 11, 2009 at Giants Stadium in East Rutherford, New Jersey.The Eagles won the game by a score of 23-11.  (Photo by Chris McGrath/Getty Images)

Eli Manning has agreed to a new six-year, $97 million contract extension with the New York Giants, which makes him the highest paid player in the NFL, with an average salary of roughly $15.3 million.

According to people close to the deal, Manning is guaranteed $35 million under the deal that will keep him with the Giants through the 2015 season.

There is a chance the deal could be signed today (Wednesday), but apparently both sides want to fully review the contract first.

Although Eli Manning will be the league's highest paid player, this is still far from the $120 million everyone was talking about, which will surely create some cap room in the future (if there is a salary cap).

This is very good news, as the Giants have no more pending issues to be addressed before the season, just football from here on.