The Indianapolis Colts have franchised quarterback Peyton Manning and have given him the "exclusive" designation. Of the players given franchise tags by their teams so far, only Manning and Michael Vick received the "exclusive" designation, barring them from talking with other teams. Manning will be due a salary over $23 million under the present formula. The Colts say they will continue to work on a long-term contract with Manning. Team owner Jim Irsay announced the decision Tuesday night on Twitter. "We have placed the franchise tag on Peyton while we continue to negotiate a long term deal," Irsay wrote. Read more: http://sports.espn.go.com/nfl/news/story?id=6125678
