Good news for league football fans: Peyton Manning isn’t going anywhere. In fact, the future Hall of Fame quarterback just announced a pretty big deal with a state-run sports league.
Peyton Manning is the longtime face of the NFL, but now he wants to take his talents to the highest level of professional football.
A few days ago, Peyton Manning said he had more spare change than he knew what to do with: “I’ve got more money than I know what to do with,” Manning said of his retirement funds. “But I’m still looking for that $3 billion. I keep looking. I just don’t know where it is.”
Peyton Manning’s post-football career is the topic of considerable conjecture. Fans have been asking, “What’s next?” since he walked off the field after the Denver Broncos’ Super Bowl triumph against the Carolina Panthers in February 2016. People have speculated that the all-time great might be a coach, commentator, or even the commissioner of the NFL. However, it seems that Manning’s top priority is to buy a sports team. There is just one little, multibillion-dollar issue.
Peyton Manning’s post-football career is the topic of considerable conjecture. Fans have been asking, “What’s next?” since he walked off the field after the Denver Broncos’ Super Bowl triumph against the Carolina Panthers in February 2016. People have speculated that the all-time great might be a coach, commentator, or even the commissioner of the NFL. However, it seems that Manning’s top priority is to buy a sports team. There is just one little, multibillion-dollar issue.
Photo by Alex Trautwig/Getty Images of Peyton Manning
Owning a professional sports team, particularly in the NFL, is very expensive. The Carolina Panthers were the final NFL club to be sold in 2018. According to CNN, David Tepper, a billionaire hedge fund entrepreneur and former Pittsburgh Steelers minority owner, paid $2.2 billion buy the team. The previous NFL record was set in 2014, when the Buffalo Bills were sold for $1.4 billion.
According to these figures, prospective new owners would have to spend $3 billion or more to purchase an NFL club in 2021 or later.
Peyton Manning earned a lot of money in the NFL, but if he wants to be an NFL owner, he’ll need roughly $2.75 billion.
In 1998, Manning was the first overall selection in the draft. This was prior to the implementation of the current rookie pay system. It was a period when top draft choices made astronomical sums of money before even playing a single down. The rookie deal for the former Tennessee Volunteer was for six years and $48 million.
Manning piled up lucrative contract after lucrative agreement as he ascended the ranks of the greatest NFL quarterbacks of all time. He signed two $98 million and $90 million contracts with the Indianapolis Colts. In Denver, he signed contracts for $95 million and $34 million.
Manning piled up lucrative contract after lucrative agreement as he ascended the ranks of the greatest NFL quarterbacks of all time. He signed two $98 million and $90 million contracts with the Indianapolis Colts. In Denver, he signed contracts for $95 million and $34 million.
Manning claims he wants to buy an NFL team, but there’s a snag.
Peyton Manning’s interview on @HBO’s “Back On the Record with Bob Costas” was fantastic.
He discussed his Hall of Fame speech, whether he wants to be a part of an ownership group in the future, his nephew Arch Manning, and the Broncos’ Super Bowl 50 run.
September 1, 2021 — Phil Milani (@philmilani)
Manning just appeared on HBO’s Back on the Record with Bob Costas alongside legendary sportscaster Bob Costas. The two luminaries discussed everything from the quarterback’s career-threatening injury to his post-playing intentions.
Manning was questioned by Costas whether he wanted to follow the current trend of ex-athletes joining the ownership ranks. Costas inquired about becoming a member of a [business ownership] group. “Would it pique your interest?” Manning’s response was simple:
Sure, being a member of a competitive squad would be thrilling. It would be entertaining. People often ask me, “Hey, are you going to purchase a team?” I’m still searching for the $3 billion I have in my wallet. It’s simply that I’m not sure where it is. However, I haven’t had any real discussions with anybody who is considering purchasing a club, but if the opportunity came – to be a part of it — that would be fascinating.
Peyton Manning discusses his decision to become an NFL owner
The renowned family’s signal-caller went on to describe all of the things that keep him occupied in retirement, but acknowledged that nothing compares to the thrill of rushing out onto an NFL field. However, it seems that owning a home would provide him with a similar rush.
The renowned family’s signal-caller went on to describe all of the things that keep him occupied in retirement, but acknowledged that nothing compares to the thrill of rushing out onto an NFL field. However, it seems that owning a home would provide him with a similar rush.
Ex-professional athletes are more prevalent than ever before becoming business entrepreneurs.
In recent years, a number of all-time great players have become owners of professional sports teams. Michael Jordan is the most well-known of them all. In 2010, the NBA GOAT paid $275 million for the Charlotte Hornets. According to Bleacher Report, he sold a “major portion” of the club to two outside investors in 2019. He does, however, retain ownership of the company.
Derek Jeter and Alex Rodriguez, former colleagues and rivals on the New York Yankees, are two of the most recent superstars to own and manage professional sports clubs.
According to NBC Sports, in 2017, Jeter put up a reported $25 million to join a consortium that includes New York billionaire Bruce Sherman in purchasing the Miami Marlins for $1.2 billion. According to CBS Sports, A.Rod and his business partner Marc Lore are in the midst of buying the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx for $1.5 billion in 2021, following an unsuccessful effort to purchase the New York Mets.
According to ESPN, LeBron James (Liverpool FC), Dwyane Wade (Utah Jazz), Patrick Mahomes (Kansas City Royals), Venus and Serena Williams (Miami Dolphins), Magic Johnson (Los Angeles Dodgers), and Kevin Durant (Philadelphia Union) are among the athletes who have recently jumped on this trend by investing in minority stakes in club ownership.
Spotrac provided all contract data.
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