Returning for his 18th NFL season, Peyton Manning and the Denver Broncos have just agreed on the terms of a new contract which would have Manning back for the 2015 season despite a $4 million pay cut. The quarterback had been scheduled to earn $19 million, however, his base salary for 2015 will be down to $15 million, so that the difference, sources say, could fuel other team endeavors.
After the planned physical examination set for Thursday, Manning should be ready to begin training with the Broncos on the 13th of April, when the team is set to finally come together.
The situation isn’t so bleak as it may seem, however, as Manning does have the possibility of earning his $19 million. Sources reveal that the contract that the Broncos and Manning agreed upon included certain incentives which could bring Manning’s earnings back to the scheduled $19 million. The quarterback would earn $2 million each for winning the Super Bowl and the AFC Championship Game, so he has all the more drive to be lighting up the scoreboard.
When asked about his agreement with the Broncos, Manning declined to provide any information, insisting that during his 18-year-long career, he had never spoken about the details of his contract and that he wasn’t going to start now.
“I’ve been working real hard and I’m excited to be back with the Denver Broncos. […]I’m excited to get to work and get to know the new coaches and looking forward to trying to make 2015 a special year.”
Manning couldn’t perform during the 2011 season because of a severe neck injury, however, after completing his physical examination and signing with the Broncos, the quarterback will be entering his 18th NFL year. On February 12th, he spoke with John Elway, Broncos general manager, underlining his resolve, physical and mental readiness to enter the 2015 season. It seems that Manning is still determined to keep playing and maybe even become the oldest quarterback (39) to win a Super Bowl title.
During those discussions with Elway, Manning explained that he hoped that the Broncos’ coach, Gary Kubiak, would find a fit for him in the team. It was during the same discussion that budgeting issues were also discussed, as Elway informed Manning about the team’s plans for roster restructuring and improving. After this meeting, negotiations between the team and Manning moved at a faster pace, especially since on the 9th of March, Manning’s $19 million salary would have become guaranteed. He is currently under contract for the 2016 season, where Manning is also set to earn a $19 million annual salary (as part of his 5-year-long contract with the Broncos, signed back in 2016).
The quarterback finished 2014’s season as second in the league, scoring 39 touchdown passes, 4,727 passing yards and 101.5 passer rating. With his exceptional history, the title he won with the Colts back in 2006 and his drive for winning, it’s a safe bet that the 2015 season will keep fans on the edge of their seats.