Report: Peyton Manning New Contract Will Be Done Soon
According to a report and an excellent piece by Woody Paige of The Denver Post, the Denver Broncos and quarterback Peyton Manning will come to terms on a revised contract structure this week, and he will formally announce his return for another season.
Paige’s report indicates that the Broncos and Manning’s agent Tom Condon are finalizing the details of his re-structured deal, and that the five-time MVP will take a physical this week and when all is said and done, he’ll be all set to come back for another Super Bowl run.
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Manning’s selflessness has always been evident for the Broncos, and while it’s almost blasphemy to think he should have to take a pay reduction or re-structure his contract in any way, it makes all the sense in the world for the Broncos. If Manning is planning on coming back for just one more season, why not re-structure your cap number to help sign some top tier free agents?
It wouldn’t be the first time Manning has done that.
Heck, it wouldn’t even be the second time.
It wouldn’t even be the first time he’s done it for the Broncos!
Paige’s report indicates that Manning turned down $25 million per season to play for the Tennessee Titans, and requested that he not be paid any more than Tom Brady, who was making $18 million per season at the time Manning signed with the Broncos in March of 2012.
Manning ended up getting over $19 million annually, and Paige says he was upset about it.
Imagine that?
For all the fans who felt like Manning was entitled to his salary and that the Broncos shouldn’t even approach him about giving them cap relief…the proof is in the pudding. Manning is a selfless guy, and for him, coming back shouldn’t be about the money.
It’s easy for me to say when I’m not cashing the checks that Manning does, but at the same time, Manning is a lot smarter than I am about what it takes to win a football championship and it’s clear to see that if he helps the Broncos increase their cap space, they can go out and get better players.
Players to make him better, too.
The Broncos need to sign or draft three new offensive linemen, unless of course they feel like they can move forward with last year’s third round pick Michael Schofield as a starter at right tackle or left guard. They need to sign a replacement for Julius Thomas — or Thomas himself — to play the tight end position.
Now, you might wonder why the Broncos aren’t asking any other players to take a pay cut at this point, and that’s a fair question. They could look to Ryan Clady to re-structure his deal and clear up some space, and they also have yet to make any roster cuts this offseason.
Players like Andre Caldwell, Britton Colquitt, Manny Ramirez, and Chris Clark are all candidates to be released and free up cap room for the Broncos if need be.
But it all starts with Manning. Manning has the team’s biggest cap number, and for good reason, but the Broncos are trying to put together the best team possible, and the easiest way to get there is to have Manning re-structure. It’s also the best way. It’s also the only way.
And clearly, Manning agrees.