Peyton Manning’s post-football career is the subject of much speculation. Since leaving his last NFL field after the Denver Broncos’ Super Bowl win over the Carolina Panthers in February 2016, sports fans have been asking, âWhat’s next? ”
People guessed that the all-time great could be a coach, an announcer, or even the NFL commissioner. However, it seems what Manning wants most is owning a sports franchise. There is only one small billion dollar problem.
How much has Peyton Manning earned during his NFL career?
Owning a professional sports franchise, especially in the NFL, costs a lot of money. The last NFL team sold was the Carolina Panthers in 2018. According to CNN, billionaire hedge fund founder and former minority owner of the Pittsburgh Steelers, David Tepper, bought the club for $ 2.2 billion. That figure largely eclipsed the NFL’s previous sale: the Buffalo Bills for $ 1.4 billion in 2014.
These numbers suggest that to buy an NFL team in 2021 or beyond, potential new owners would have to shell out $ 3 billion or more.
Peyton Manning has made a lot of money during his NFL career, but he is currently missing about $ 2.75 billion if he is to become an NFL owner.
Manning entered the league as the first pick in 1998. That was before the current rookie pay scale was in place. It was a time when the top picks made amazing money before they even played a single down. The former Tennessee Volunteer’s rookie contract was for six years and $ 48 million.
As he rose through the ranks of the NFL’s greatest passer of all time, Manning racked up lucrative extensions after lucrative extensions. With the Indianapolis Colts, he signed deals worth $ 98 million and $ 90 million. In Denver, his contracts included $ 95 million and $ 34 million.
All told in his Hall of Fame career, Manning earned $ 248,732,000. That number is close to the total at which media outlets, such as Celebrity Net Worth, estimate his current fortune at $ 250 million.
Manning says he wants to own the NFL, but there’s a little problem
Manning recently joined iconic sports host Bob Costas on his HBO show, Back on the record with Bob Costas. The two legends have touched on a wide range of topics, from the QB’s career-threatening injury to his post-game plans.
Costas asked Manning if he would like to take the path that follows the current trend of former athletes entering the owner’s ranks. “Be part of [an ownership] group, âCostas asked. “Would that interest you?” Manning replied:
Of course, being part of a team on the competitive side would be exciting. It would be fun. People ask me all the time, âHey, are you going to buy a team? I keep looking for the $ 3 billion in my pocket. I just don’t know where it is. But, I haven’t had any serious conversations with anyone who has been on the verge of buying a team, but if the situation arose – to be a part of it – yes, that would definitely be interesting.
Peyton Manning becomes NFL owner
The famous family caller went on to discuss everything that kept him busy in retirement, but noted that nothing could compare with the rush to run on NFL field. It seems, however, that the property is approaching that thrill for him.
If Manning makes the leap to the owner’s box, he will join a few prestigious names in the ranks of athletes-turned-owners.
Former professional athletes becoming owners are more common than ever
Several great athletes of all time have become owners of professional sports franchises in recent years, the most famous of which is Michael Jordan. The NBA GOAT bought the Charlotte Hornets in 2010 for $ 275 million. In 2019, he sold âa large partâ of the team to two outside investors, according to the Charlotte Observer (h / t Bleacher Report). However, he still retains control of the organization.
Former New York Yankees teammates and enemies Derek Jeter and Alex Rodriguez are two of the most recent superstars to buy and lead professional sports teams.
In 2017, Jeter paid $ 25 million to lead a group that included New York businessman Bruce Sherman to buy the Miami Marlins from MLB for $ 1.2 billion, according to NBC Sports. In 2021, after an unsuccessful attempt to buy the New York Mets, A.Rod and his business partner Marc Lore are in the process of buying the Minnesota Timberwolves from the NBA and the Minnesota Lynx from the WNBA for $ 1.5 billion. dollars, by CBS Sports.
Other athletes who have recently jumped on this trend by taking minority stakes in club ownership include 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), according to ESPN.
All contract figures are courtesy of Spotrac
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