Broncos add $10M of insurance for 2014 to Manning’s contract
Douglas LeeMay 17, 2013 8:42 AM
As per Mike Florio, the Broncos have added an insurance policy to Peyton Manning's contract. Manning is signed through 2016 and will be guaranteed $40M over the next two seasons, after having passed his physical in March.
If Peyton were to reaggravate the neck injury that cost him his 2011 season, the team would be able to cut Manning and void the $20M salary he's due in 2014. The insurance policy would provide Denver with cap relief and $10M in cash in the case of any other serious injury.
Updated 12:46pm ET
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