Report: Peyton Manning Increased Value Of Colts Franchise By $233 Million Over Career
Peyton Manning helped increase the Indianapolis Colts value by $233 million, according to Forbes.com. It was reported yesterday that the team plans on releasing the four-time Most Valuable Player in an effort to avoid paying him a $28 million roster bonus he is due this season.
Forbes reports that when the Colts selected Manning No. 1 overall in 1998, the team was worth an NFL-worst $277 million. Today they are worth $1.1 billion, making them the 11th most valuable franchise in the league. Forbes calculates that the average NFL team has increased in value by 263% since 1998, however the Colts have grown by 366%. According to them, this means that had the team grown at the median rate of the league, they would be worth $233 million less.
Manning missed the entirety of 2011 after undergoing neck surgery prior to the season, as a result, the team tied for an NFL worst 2-14 record. Reports indicate that he is expected to play in 2012, however, and does not intend to retire. In 13 seasons with Indianapolis, Manning compiled 54,828 yards and 399 touchdowns. He was the number one overall pick by the Colts in 1998, and has been a four-time NFL MVP. In 2006, he led the Colts to a Super Bowl Championship, where he was named most valuable player.