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Posted February 16, 2011 by DJ Enuff in Sports
 
 

Manning gets franchise tag

The Indianapolis Colts have placed their “exclusive” designation franchise tag on QB Peyton Manning. Michael Vick and Manning are the only two players to have the “exclusive” designation attached to their franchise tag. “Exclusive” designation bars them from talking to other teams. 

Team owner Jim Irsay announced the decision Tuesday night on Twitter.

“We have placed the franchise tag on Peyton while we continue to negotiate a long term deal,” Irsay wrote.

Manning will be due a salary over $23 million under the present formula. The Colts say they will continue to work on a long-term contract with Manning.

(exact from  full article courtesy espn.com)

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