View Single Post
Old 05-19-2013   #1
Wolf
100% Texan
 
Wolf's Avatar
 
Join Date: May 2004
Location: Kerrville
Age: 44
Posts: 37,151
Rep Power: 99659 Wolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respectedWolf is a quality contributor and well respected
Default Broncos QB Peyton Manning’s renegotiated contract cleared $2.5 million in cap space i

Quote:
Under the new terms of the contract, Manning will still earn the $40 million in guaranteed money over the next two seasons, but the payouts of those amounts has been tweaked.
Instead of earning $20 million in fully guaranteed base salaries in 2013 and 2014, Manning received a $10 million salary advance and his base salaries in 2013 and 2014 have been lowered to $15 million in each season. The $10 million salary advance is treated like a signing bonus and will be prorated over the next four seasons, reducing Manning's cap number from $20 million to $17.5 million in both 2013 and 2014.
However, the downside to the cap savings the next two seasons is that Manning's cap number will increase by $2.5 million, going from $19 million to $21.5 million, in both 2015 and 2016 as the Broncos will have veered, slightly, from the "pay as you go" approach they had been taking with the 37-year-old quarterback.
http://sports.yahoo.com/blogs/nfl-sh...173612692.html
Wolf is offline   Reply With Quote