Colts sign Manning to five-year deal

Peyton Manning has a new long-term deal in time to report to training camp.

He still hasn’t been cleared to practice.

Colts owner Jim Irsay said he was “thrilled” to sign the only four-time MVP in league history to a deal that will likely keep him in Indianapolis for the rest of his career. It’s a five-year contract for $90 million with $69 million of that paid in the first three years, Irsay posted on his Twitter account.

“Signing Peyton was a top priority for this organization and we are thrilled that the deal is complete,” Irsay said in a statement released by the team Saturday. “We feel that it is a salary cap friendly deal and it allows us more flexibility.”

Irsay and team president Bill Polian are scheduled to discuss the deal at an afternoon news conference today.

The deal comes nearly five months after the team used the exclusive franchise tag to prevent Manning from negotiating with any other teams. Had Manning signed the one-year offer, he would have made $23.1 million this season.

By getting the long-term deal done, Manning’s salary cap number will be reduced this season to $16 million, allowing the team to sign more of its own free agents. The Colts have already re-signed two key veterans – safety Melvin Bullitt and kicker Adam Vinatieri – this week.

The Colts reportedly also signed running back Joseph Addai, shortly after Manning’s deal was announced.

• San Francisco 49ers general manager Trent Baalke says he expects holdout Frank Gore to play with the team this season but is prepared to move forward without the two-time Pro Bowl running back.

Baalke said he wasn’t surprised by Gore’s absence in training camp. He declined to talk specifics about the contract dispute and was mum about how long he believes the stalemate could last. Gore is in the final year of his deal.

• The Pittsburgh Steelers met with free-agent wide receiver Plaxico Burress.

Pittsburgh general manager Kevin Colbert, owner Art Rooney and coach Mike Tomlin all met with the 34-year-old wide out. Burress spent five years with the Steelers, who selected him in the first round of the 2000 NFL draft.

• Two-time Pro Bowl defensive end Osi Umenyiora ended his holdout after a day and reported to the New York Giants.

Umenyiora reported to training camp after missing the opening day of training camp at the team’s headquarters.

• The Bengals reached a contract agreement with free-agent cornerback Nate Clements, giving Cincinnati a replacement after Johnathan Joseph signed with Houston earlier in the week.

The 31-year-old Clements became a free agent on Thursday, when he was released by San Francisco.

• The Philadelphia Eagles signed free-agent defensive lineman Cullen Jenkins to a five-year contract and traded former defensive tackle Brodrick Bunkley to the Cleveland for a fifth-round pick in next year’s draft.

• The Arizona Cardinals reached a contract agreement with first-round draft pick Patrick Peterson.

The cornerback from LSU, the fifth player drafted overall, could be at training camp in time for today’s practice.

• The New Orleans Saints agreed to terms with two more draft picks, first with former Alabama Heisman Trophy running back Mark Ingram and then Illinois linebacker Martez Wilson.

Terms have not been released for either deal.

• Miami Dolphins first-round draft choice Mike Pouncey signed a contract after missing the first two days of practice in training camp.

With the signing, all of the Dolphins’ draft picks are under contract.