Peyton Manning is set to have his contract expire in a few weeks, meaning it is time for the Colts to pony up and give him a new deal.
According to sources close to the negotiations, Indianapolis owner Jim Irsay is prepared to make Manning the highest paid player in NFL history. His previous deal, which was worth $98 million, was one of the highest deals in NFL history when he signed it. Will Irsay follow through and give Manning more than $150 million?
Here are five reasons Manning deserves the contract and five reasons the Colts might want to think about being stingy.
Do you think Manning deserves to be the richest player in NFL history? Let us know.
By the time Manning sees the field next, he will be 35 years old.
He has been in the league since 1998. Even if he plays until he is 40, that will only be another six seasons.
Why would the Colts want to give a huge contract to someone who will only be in the league a short while longer?
Despite his more advanced age, Manning is still one of the most dangerous quarterbacks in the NFL right now.
He had a career high 4,700 yards this year and finished with 33 touchdowns.
Even though he is older, Manning is still one of the best quarterbacks in the league right now. Had the Colts been forced to start someone else at quarterback, they likely would have the top overall pick in the draft.
If the Colts decided to be stingy with Manning, would he really leave and go somewhere else?
Manning is going to finish his career in Indianapolis whether he was given an unbelievably huge contract or not.
Over his 13 years in the NFL, Peyton Manning has never missed a game due to injury and he is yet to show any sign of declining skills as an elite NFL quarterback.
If Brett Favre is the bench mark, I think Manning could end up passing him on the all-timer list.
During Manning's storied NFL career, he has been phenomenal in the regular season, but when the playoffs roll around, he struggles.
Would the Colts really want to invest a ton of money in someone who has a clear kryptonite called the playoffs?
The Colts' roster is riddled with guys that would not get pass special teams on most other NFL rosters.
If Manning were given a roster that was just a little better, say the 49ers roster, they would be Super Bowl favorites every year and they would probably win.
If the Colts decided to be a little stingier with Manning, it would give them the opportunity to spend money on other positions of need.
They could use some offensive linemen or some better offensive weapons.
In the NFL right now, there are only five quarterbacks with Super Bowl rings and two of them have the last name Manning.
Winning a Super Bowl is a huge burst to an NFL resume and it helps Manning's legacy that he has a championship ring.
Tom Brady and Ben Roethlisberger both have multiple Super Bowl crowns and Big Ben has a chance to match Brady this year.
If the Colts are going to re-sign their quarterback, it seems like both Brady and Roethlisberger deserve more than Manning.
When Manning retires from the NFL, he will be a first ballot Hall of Fame quarterback.
He is already one of the best and most well-respected quarterbacks in NFL history and not everyone can say that.
If he continues at the pace he is currently going, there are quite a few records that Manning will hold.
While conventional wisdom might say that Tom Brady or Ben Roethlisberger deserve more money, I would not hesitate to make Peyton Manning the highest paid player in NFL history.
If you look at some other teams around the NFL, it is apparent how important a good quarterback is. Manning isn't just good, he is great.