National Football League

Manning lets struggling hospital out of contract

Published Feb. 24, 2010 12:00 a.m. ET

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He's St. Eli to St. Vincent's.

Giants quarterback Eli Manning -- who has already raked in hundreds of thousands of dollars doing publicity for the Greenwich Village hospital -- has agreed to forgo future paychecks because of its fiscal straits, his spokesman said Tuesday.

"When Eli learned that the hospital was in financial difficulties, he released them from the contract ... from the monetary agreement," said the spokesman for sports-marketing firm IMG.

The cash-strapped Catholic hospital -- which has already shelled out at least $600,000 to the superstar athlete since 2006 -- said in a statement:

"Due to our current financial situation, the hospital will be unable to continue this partnership and has no intention of making payments going forward."

The hospital -- saddled with $700 million in debt -- recently laid off hundreds of workers and dramatically slashed the salaries of other staffers in order to keep its doors open.

Over the summer, St. Vincent's inked a new $1 million agreement with Manning as part of a five-year promotional deal.

To read the rest of this story, clickhere.

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