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Manning deal to have trickle effect

Jason Cole
Yahoo Sports

Expect the six-year, $97 million contract extension Eli Manning(notes) agreed to with the New York Giants on Wednesday to have a direct effect on upcoming talks for some other tops quarterbacks.

Specifically, San Diego Chargers quarterback Philip Rivers(notes), who was drafted No. 4 overall after Manning went No. 1 in 2004, will likely get a deal that matches or exceeds the deal Manning agreed to.

It's widely known that Rivers' agent Jimmy Sexton wanted to wait until after Manning did his contract before working on Rivers' deal. In fact, when rumors swirled in February that Manning was working on a new deal, Sexton was extremely curious about the state of the negotiations.

Last week, San Diego general manager A.J. Smith said he didn't believe Manning's deal would have an impact on the Chargers' negotiations with Rivers.

"As we always do, we're going to come to an offer that we think is fair," Smith said, echoing remarks he has made about other negotiations. "If the player doesn't want to accept the offer, that's his prerogative and we go from there."

While the specific breakdown of Manning's deal is not out yet, he reportedly received $35 million in guaranteed money. That's less than some other agents projected, believing that Manning could have gotten more than $40 million in guarantees after deals for players such as veteran Albert Haynesworth(notes) and No. 1 overall pick Matthew Stafford(notes).

But the small guarantee could be explained by the structure of the deal, such as how much Manning receives in the first two to three years of the contract.

"Not exactly the number I expected," one agent said. "But [Manning's agent Tom] Condon is clever. I'm sure the money is all there."

Beyond Rivers, New England quarterback Tom Brady's(notes) deal will be up after the 2010 season.