The San Diego Chargers had the No. 1 overall selection and used it to take Manning, although he had expressed he did not want to play for them (for reasons Eli admits he has now forgotten).
The Giants selected QB Philip Rivers fourth overall and the trade talks began. Giants GM Ernie Accorsi knew San Diego coveted Rivers and negotiated a deal to make Eli a Giant.
San Diego traded rights to Eli Manning to the Giants for the rights to Philip Rivers, the Giants' 2004 third round pick (#65-Nate Kaeding), the Giants' 2005 first round pick (#12-Shawne Merriman), and 2005 fifth round pick (#144-Jerome Collins).