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Broncos | Peyton Manning signs revised deal

Denver Broncos QB Peyton Manning signed a "renegotiated" contract, but sources with knowledge of the deal said the new terms don't change his compensation. The contract, according to the source, adds an insurance clause, which reflects that the team has purchased an insurance policy in the event Manning suffers a serious injury. The insurance would both compensate the Broncos and provide a cap credit in the event Manning can't play. Manning will earn $40 million guaranteed over the next two seasons, in $20 million chunks for 2013 and 2014, respectively. 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.

2013-05-17 05:32:21 | Source: - Mike Florio

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