Eli Manning and the New York Giants are finalizing a four-year extension worth $84 million with $65 million in guaranteed money.
The two sides continue to work on the specific language of the deal.
Manning still will make $17.5 million in the final year of his current contract, which would bring his five-year total to $101.5 million.
"It's not done yet," Manning told ESPN's Ed Werder late Thursday afternoon. "Hopefully it gets done very soon, and I can worry about football and not have to deal with this."
Manning's $21 million average in new money on the four-year extension would rank him fourth among quarterbacks in the NFL, behind Aaron Rodgers ($22 million), Russell Wilson ($21.9 million) and Ben Roethlisberger ($21.85 million).