The New York Giants and quarterback Eli Manning have made significant progress on a long-term contract extension and are close to completing the deal, according to a report by NFL.com's Ian Rapoport on Wednesday.
Rapoport also reported that both parties are confident that a new deal will be reached by Sunday before kickoff.
Thursday, ESPN's Adam Schefter reported Manning's new contract will likely by in place by Sunday and pay him upward of $20 million annually.
“I'm not a big fan of contract negotiations during the season,” Manning said on WFAN on Tuesday morning. “I'm hoping if this thing is gonna get done, it's gonna get done quickly.”
Fellow quarterbacks Philip Rivers and Ben Roethlisberger—both members of Manning's 2004 draft class—recently agreed to hefty extensions. Rivers's deal is for four years, $83.25 million and Roethlisberger's is for four years, $87.4 million.
In 11 seasons with the Giants, Manning has amassed 39,755 passing yards and 259 touchdowns with a career passer rating of 82.4.
Manning led New York to Super Bowl victories in 2007 and 2011.
The Giants open the 2015 season Sunday against the Dallas Cowboys.
- Kayla Lombardo