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AP Source: Colts put franchise tag on Manning

The Columbian
Published: February 15, 2011, 12:00am

INDIANAPOLIS (AP) — Four-time league MVP Peyton Manning has been given the exclusive franchise tag by the Indianapolis Colts, meaning he will not become a free agent.

A person with knowledge of the negotiations confirmed the move Tuesday night to The Associated Press on the condition of anonymity because the Colts had not yet announced the move.

If Manning plays under the tag, he will be paid $23 million next season and the Colts will have exclusive rights to negotiate with their franchise quarterback.

Manning is the only player in NFL history to win four league MVP awards. He also has won two AFC championships, one Super Bowl and a Super Bowl MVP, and he has broken all the Colts’ career records for quarterbacks.

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