Friday, February 11, 2011

Colts headed toward franchising Manning

While no one believes Peyton Manning would sign elsewhere, NFL labor issues may affect any negotiation. If a long-term contract can't be arranged before the collective bargaining agreement expires March 3, the Colts will exercise the "franchise" tag, which can be used starting today and must be issued no later than Feb. 22. The one-year contract would pay Manning approximately $23 million for 2011, and the "exclusive" variety of the tag would keep him from testing his value on the open market. ... Since the franchise or transition tag can be used only once an offseason, the Colts likely will wait until later this month to exercise it. If the team and Manning can agree on a multiyear deal, the team would at least have the option of tagging another player.

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