The Denver Broncos restructured the contract of their star quarterback Peyton Manning. The deal isn’t the restructuring the NFL is used to seeing. The deal includes language that deals with a what if situation.
The Broncos requested the change to insure themselves against having to pay Manning’s $20 million salary in 2014 in the event he can’t play
What if Manning suffers an injury that could stop him from playing for the Broncos in the 2014 season due to a none neck injury. Are they crazy. This is the guy they signed to a 5 year deal. Sure he is getting older, but he is after-all Peyton Manning.
The deal was done to get the Broncos some cap space. Manning’s deal will get the Broncos some cap space because his cap number gets reduced by, $2.5 million in 2013 in 2014, then rises by $2.5 million in 2015 and 2016.
How did they do that? It is easy they slipped the team’s MVP, a $10 million salary advance. This way Manning gets his money and the Broncos get some cap space. They have to be praying he doesn’t suffer an injury that would stop him from playing in 2014.
This could bring the 4 time NFL MVP some bad luck.
Filed under: NFL