Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Eli Manning Reworks Giants Pact for Cap Space, Star-Ledger Says

Don't Miss Out —
Follow us on:

March 8 (Bloomberg) -- New York Giants quarterback Eli Manning restructured his contract for this season to help the team try to get under the National Football League’s salary cap, the Star-Ledger of Newark, New Jersey, reported.

The Giants were $8 million over the payroll limit and need to get under the ceiling by the start of the new league year on March 13 by releasing players or restructuring a big contract, the newspaper said, citing NFL players’ union records. The Giants cleared $6.75 million in salary cap space for the 2012 season by reworking Manning’s deal, the Star-Ledger said.

Manning’s new base salary for the 2012 season is $1.75 million, according to the NFL Players Association’s website. He had been set to make $10.75 million, though the Giants have now guaranteed $9 million of that, allowing them to spread the cap hit over the final four years of his deal, the Star-Ledger said. Manning receives the guaranteed money immediately.

Manning, 31, won his second Super Bowl title with the Giants last season. He was named the Most Valuable Player of New York’s 21-17 championship win over the New England Patriots last month.

To contact the reporter on this story: Erik Matuszewski in New York at

To contact the editor responsible for this story: Michael Sillup at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.