Forbes: Manning increased Colts net worth
Forbes reports that Peyton Manning was incredibly valuable to the Indianapolis Colts franchise:
When Manning was drafted by the Colts in 1998 the team was worth $227 million, last among the league’s 30 teams and $47 million below the NFL median team value. The Colts are currently worth $1.1 billion, 11th among the league’s 32 teams and $64 million above the NFL median. While the typical NFL team increased 263 percent in value during Manning’s 14 years at Indianapolis, the value of the Colts rose 366 percent.
Had the value of the Colts gone up by the league median, the team would now be worth $824 million, or $233 million less than its current value. The big driver of the team’s increase in value was Lucus Oil Stadium, which opened for the 2008 season. The team’s revenue rose $32 million during its first year at the stadium mainly due to more money from premium seating and concessions.
misleading. They paid him 172M over his career so you are down to 60 some million in profit. The gain is unrealized until Irsay sells so decreases by whatever time/value of money assumptions you plug in, This gives Manning 100% of the credit for LOS, the super Bowl and winning teams. If LOS was the biggest driver, add in the reported $100M that Irsay paid towards the stadium and you are in the red.
@19>18 R u kidding? Do u honestly believe we have LOS without Manning? Do u think the Colts would have gone 2 #11from LAST without PM? I would say he returned FAR, FAR more 2 the Colts than they ever paid him.
Is reading comprehension a lost art? I never addressed whether it would have been built w/o Manning. I said he doesnt get 100% of the credit. Polian who made the pick bringing Manning to town as well as assembling the team, Jim Irsay who put up his own money, Bob Irsay who brought the Colts to Indy, the other players, politicians etc all had a hand in it to some extent no matter how small. That said, we dont know how history would have progressed if we had taken Leaf instead of Manning. Look at the QBs SD had after Leaf. Brees, Eli, Rivers. We might have taken Rogers or Brady. Who knows? But my post never said what you ask me if I believe. I argued the numbers in the article. There are also intangibles but those werent addressed in the article.
Another specious argument you mean. Does SD need a new arena to keep its convention business or is having the best weather in the coountry and the convention center expansion already underway enough? San Diego has hosted the Super Bowl without a new stadium. Qualcomm already holds more than LOS in standard configuration. Comparing apples to oranges isnt a convincing argument even if both are spherical fruit
because you are not just determining the team's value. You are determining how much of the increase in value for which Manning is responsible. So the amount that you invested in Manning is germane. When figuring the return on an investment, you have to account for the amount you invested and figure your return, over that amount, not iincluding the investment. I have no idea how history would have been different. I do know that here would have beeen another QB, maybe another HoF QB PLUS that QB might have left enough cap space to pay an actual NFL caliber defense and special teams. In any case, once again you miss what I actually said. He is NOT 1000% responsible. No matter what number it is, it is NOT 100%.
@19>18 Another great point....How could I forget that beautiful new stadium in San Diego...oh wait, that hasn't happened yet. I'm sure it would have been different had the San Diego talent been in Indy
@19>18 I guess it is, and in your case comprehension of information is too. Forget the ass-load of assumptions u r making for a minute. Why on earth would u deduct PM's salary from the teams current value? His salary would have hit the books annually and would have been calculated into the net profit the team made for the given year. Does a business owner subtract his labor expenses for the past decade when figuring his businesses' current value? As far as the ASSumptions, your probably right, any of those QB's you list would have propelled the Colts to one of the nation's top 3 fan favorites year after year & would have been the face of the NFL, simply because they played in Indy...I'm sure it had little to do with PM being one of the all-time greats.
In spite of that, he gets cut like he was a deadbeat player? Nice going Colts, kiss the SuperBowl goodbye...
