Posted May 17, 2013

Broncos gain cap insurance with ‘new’ Peyton Manning contract

NFL
Peyton Manning worked under the tutelage of Duke head coach David Cutliffe this offseason. (Getty Images)

Peyton Manning worked under the tutelage of Duke head coach David Cutliffe this offseason. (Getty Images)

Peyton Manning has a signed a new contract with the Broncos that includes an insurance policy to give the team salary cap credit if the quarterback incurs a serious injury, according to ProFootballTalk.

The financial terms of Manning’s contract were not restructured. He will still be paid $40 million guaranteed over the next two seasons — $20 million in 2013 and 2014.

From ProFootballTalk:

Though it has been disclosed on the league’s official online transaction page as a “renegotiated” contract, a source with knowledge of the situation tells PFT that the new terms don’t alter the compensation in any way. The insurance would both compensate the Broncos and provide a cap credit in the event Peyton can’t play.  To get the cap credit, the contract must refer to the insurance policy. The Broncos can avoid the $20 million payment in 2014 only if Manning suffers injury to the same area of his neck that kept him from playing in 2011.

The Broncos are currently about $7 million under the cap, according to the Denver Post.

Manning has spent some of his offseason throwing balls to new receiver Wes Welker and working out with Duke coach David Cutliffe.


8 comments
911willie
911willie

Whew ! Sure a good thing that the Broncos got rid of Elvis Dumervil so as to gain all of that Cap Room. Have enough money now to buy an insurance policy on Peyton's neck and maybe even buy some alarm clocks for their players (and their agents)

David160
David160

I highly doubt Manning would give any compensation back to the Broncos, after forcing the Colts (yes force - he didn't drop his "never can be franchised" demand from the lockout lawsuit until he had a new deal) knowing that he had serious neck issues and most likely would not be able to play at all the following year.

 

CliveOwen
CliveOwen

So Manning has spent most of the off completely disengaged from professional football. How odd for the one Bronco who, more then anyone else, committed a boneheaded mistake that cost the team the chance to move past the first round, which is quite unusual for Peyton.

 

One must again observe that in Denver, Tebow has a far better record of post season success than Peyton Manning.

JackWilliams
JackWilliams

This is just another unaccredited useless blog citing ProFootBallTalk.com as a source. Are you kidding me? PFT spreads rumors, not facts. 

dbum
dbum

 @CliveOwen tebow had one post season run and it was an impressive feat considering he doesnt have the accuracy to even complete half of his passes. but peytons done it for years and has a superbowl. hes a very physically talented player with great will but to compare him to peyton is laughable. i will say i woulda kept tebow around as a backup to peyton if i was elway. peytons not going to  be around a long time and tebow could have been honed to be his eventual successor. hes obviously already got a bandwagon of fans with a man crush for him on his side.

E2
E2

 @CliveOwen

 One must again observe that ANYONE whoo dares to compare Tebow and Manning is an IDIOT.....

JoeCabot
JoeCabot

 @CliveOwen Tim Tebow has one more playoff win as a Bronco than Peyton Manning.   And one more loss.   Seems as if your gushing might be more hyperbole than fact.