Broncos | Gain cap space
Mon, 20 May 2013 09:44:23 -0700
The Denver Broncos gained some salary cap flexibility over the next two seasons after they made some changes to QB Peyton Manning's contract late last week. The team insured themselves against have to pay Manning's $20 million salary in 2014 in the event that he won't be able to play because of a non-neck injury that might be suffered in 2013. Under the new deal, Manning will receive a $10 million salary advance in exchange for his base salaries in 2013 and 2014 being lowered to $15 million each year. The $10 million advance will be treated like a signing bonus and will be prorated over four seasons. As a result, Manning's cap number will be lowered by $2.5 million in both 2013 and 2014, but then rises by $2.5 million in 2015 and 2016.