Monday morning it was reported that Peyton Manning had decided to negotiate exclusively to play for the Denver Broncos for the foreseeable future. Tuesday details of Manning’s contract became available, with the deal being reported at five years, $96 million by NFL business analyst Andrew Brandt.
Manning will receive $18 million for the 2012 season, without injury protection. If Manning passes his physical in March 2013, he will then receive $20 million guaranteed for the each of 2013 and 2014 seasons with a clause that reduces the salary if Manning is injured. The final two seasons pay $19 mil each, but it’s doubtful Manning will play them out at his age.
In essence, Manning has a one-year deal worth $18 mil that can escalate to 3-years, $58 mil guaranteed if Manning stays healthy through age 39.
The money may not match what Manning was scheduled to receive as part of his now terminated contract with the Colts, but it’s close. Manning was due to collect $28 million from the Colts if the team did not release him by March 8th. The Colts officially cut ties with Manning March 7th.