Manning, Broncos Restructure Contract

According to ESPN’s Chris Mortensen and Jeff Legwold, Denver Broncos quarterback Peyton Manning agreed to a $4 Million pay cut. Manning was originally supposed to make $19 Million, but will make $15 Million after the new contract.

Manning passed his physical prior to inking the new deal.

If Manning refused to take a pay cut, the Broncos would have obviously retained the quarterback at $19 Million. However, the $4 Million that is freed in cap space will certainly help the Broncos in free agency.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s