- Paul Kuharsky, ESPN Staff Writer
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Not long after he went public with his desire to get a reasonable deal done quickly, Peyton Manning got what he asked for.
According to Indianapolis Colts owner Jim Irsay’s tweet, Manning’s five-year deal is worth $90 million, with $69 million coming in the first three years.
Irsay said it cut the $23 million franchise tag number to a $16 million cap hit. That $7 million savings gives the Colts significant relief.
The team had previously indicated it would be more interested in adding an outside free agent or two than usual if it’s possible. But that would run counter to the Colts' long-standing philosophy.
The team is thinnest at defensive tackle and linebacker, after the departure of Clint Session to Jacksonville.
Manning won’t be practicing Monday when the team kicks off camp. John McClain said the Colts are signing Dan Orlovsky, recently released by Houston, to fill out the quarterback spot with Curtis Painter and Nate Davis.