By Len Pasquarelli

Eli Manning will be in training camp on time.

While there are still some details to be fine-tined, has learned that marathon negotations between the No. 1 draft choice and the New York Giants resulted in a contract agreement in principle. The contract will be finalized on Thursday.

Manning and his reprentatives were hoping to land a signing bonus of $20 million. It is not known if they reached that goal, but it is likely that Manning, 23, will receive the largest guaranteed money ever for a rookie.

The two sides began bargaining about 10 a.m. Wednesday and worked past midnight in an all-out effort to strike an accord. Messages left on the cell phone of agent Tom Condon of IMG Football went unanswered Wednesday, presumably because of the ongoing negotiations.

The Giants are scheduled to report to camp Thursday at SUNY-Albany, and the team wanted the latest member of the Manning family quarterback tree on hand. Practices are scheduled to begin on Friday.

Manning, the son of former New Orleans Saints standout Archie Manning and brother of current Indianapolis Colts star Peyton Manning, was the first player chosen in this year's draft. He was selected by the San Diego Chargers, who then traded him to New York for a package that included the Giants' first-round pick (No. 4 overall), quarterback Philip Rivers.

The strange juxtaposition of first-round quarterbacks and the fact that San Diego had a much larger rookie allocation pool than New York made for some negotiating quirks. But Giants general manager Ernie Accorsi conceded this week that Manning should land the top deal, given his status as the No. 1 selection.

If the deal calls for Eli Manning to pocket as much as $20 million in guaranteed money, he would join his brother as the only players to top that mark. Peyton Manning received a $34.5 million signing bonus as part of the $98 million contract he signed in March.

In four seasons at Ole Miss, Manning completed 829 of 1,363 attempts for 10,119 yards, with 81 touchdowns and 35 interceptions.

Len Pasquarelli is a senior writer for