Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut.

[Dustin]

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

— NFL on ESPN (@ESPNNFL)

March 4, 2015

 

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

[amfootball]

Wow.

[oldunclemark]

....there's got to be more news coming

...that's not a haircut..its hardly a trim

[corgi]

$4 million is $4 million I suppose.

[jvan1973]

....there's got to be more news coming

...that's not a haircut..its hardly a trim

its 20% What were you expecting?

[Fx Stryker]

Wow.

More than you expected/hoping?

[Dustin]

its 20% What were you expecting?

 

Vet min

[jvan1973]

Vet min

I think everyone knew that wasn't gonna happen

[Dustin]

I think everyone knew that wasn't gonna happen

 

"Why not? It's what Brady plays for." - Patriots fans

[oldunclemark]

its 20% What were you expecting?

IO was expecting that they would restructure..and get maybe $10 mil..(off of his $21 mil projected 2015 salary)

..pushing that money ahead to a third year that both sides knew s unlikely to happen.

a 'live for today' thing...

...$4 mil (actually $6 off the projected 21) sounds like there's one free agent they have lined up to siogn OR

....Peyton wants Julius Thomas to stay and John Elway said..'help us pay him'

[jmac_48]

T'aint nothing, he'll just double up on the Papa John's ads.

I'm sure he's got no long term financial worries!

[oldunclemark]

There have to be more details here because there is a second year..2016 left on Peyton's deal.

What happens there... ?

........ But for 2015....I'm anxious to see who they sign now...

////Its very honorable of Peyton to do this.....many wouldnt

[Dustin]

IO was expecting that they would restructure..and get maybe $10 mil..(off of his $21 mil projected 2015 salary)

..pushing that money ahead to a third year that both sides knew s unlikely to happen.

a 'live for today' thing...

...$4 mil (actually $6 off the projected 21) sounds like there's one free agent they have lined up to siogn OR

....Peyton wants Julius Thomas to stay and John Elway said..'help us pay him'

So you were expecting a 50% pay cut? You were just setting yourself up for disappointment. 

[oldunclemark]

T'aint nothing, he'll just double up on the Papa John's ads.

I'm sure he's got no long term financial worries!

True..but jay Cutler and Tony Romo aint takin' no cuts outside the barber shop

[oldunclemark]

So you were expecting a 50% pay cut? You were just setting yourself up for disappointment.

No..I was expecting a restructure

[Fx Stryker]

....Peyton wants Julius Thomas to stay and John Elway said..'help us pay him'

This would be foolish. Julius is clearly in it for money, and not football. Best let him go, and get someone who will put himself on the line to win.

[Dustin]

No..I was expecting a restructure

 

They were going to take $10M from 2015 and push it to a year he was never going to play. Aka a $10M pay cut. Call it whatever you want, same principal. 

[oldunclemark]

This would be foolish. Julius is clearly in it for money, and not football. Best let him go, and get someone who will put himself on the line to win.

I agree with you (JT proved unreliable) but some Broncos web sites are saying that Peyton wants Julius to return

..

[Superman]

I wonder what all the details are. I think we'll only find out after his physical is passed. 

[oldunclemark]

They were going totake $10M from 2015 and push it to a year he was never going to play. Aka a $10M pay cut. Call it whatever you want, same principal.

Nope.....push it to 2016 or 2017 when other deals would be restructured (Clady.Ware have 8 figure deals up next year)

There's cap money and cash flow...

[oldunclemark]

I wonder what all the details are. I think we'll only find out after his physical is passed.

Very, very true...seems there';s more to this

[Dustin]

Nope.....push it to 2016 or 2017 

 

Seasons he's not going to play.....He would never see that money. 

[buccolts]

Very, very true...seems there';s more to this

 

Perhaps, this will be his last year, leaving no future to push that 10m, you wanted, out into.

[Superman]

If Peyton takes $4M paycut as part of a simple restructure he'll be giving Broncos $10M+ in cap space

— Ross Tucker (@RossTuckerNFL)

March 4, 2015

 

Ross Tucker says it could free up $10m in 2015. That would be a pay cut and restructure. We'll see.

 

This was pointed out to me by someone else via PM, by the way.

[Superman]

Perhaps, this will be his last year, leaving no future to push that 10m, you wanted, out into.

 

Voidable years.

[amfootball]

If Peyton takes $4M paycut as part of a simple restructure he'll be giving Broncos $10M+ in cap space

— Ross Tucker (@RossTuckerNFL)

March 4, 2015

 

Ross Tucker says it could free up $10m in 2015. That would be a pay cut and restructure. We'll see.

 

This was pointed out to me by someone else via PM, by the way.

That makes more sense. But how do you get a 10 mil savings? Where is the other 6 mil coming from?

[dw49]

That makes more sense. But how do you get a 10 mil savings? Where is the other 6 mil coming from?

 He had a 2015 base of 19 mill. We know now it's 15 mill. So they extend his deal another year , which would make it 3 years remaining . Then they turn say 9 mill of the remaining 15 mill 2015 salary into a signing bonus. That's paid to him now and for cap purposes would count 3 mill per year in 2015 , 2016 and 2017. So his hit is reduced by another 6 mill in 2015.

[amfootball]

 He had a 2015 base of 19 mill. We know now it's 15 mill. So they extend his deal another year , which would make it 3 years remaining . Then they turn say 9 mill of the remaining 15 mill 2015 salary into a signing bonus. That's paid to him now and for cap purposes would count 3 mill per year in 2015 , 2016 and 2017. So his hit is reduced by another 6 mill in 2015.

So he is actually getting a raise then.

[Fx Stryker]

If the reports are true it could be a cut and restructure like dw is saying.

They owe him, $40M? Cut that to $36M and push it two the years. That's $12M a season, and $10M almost in cap saving.

[Synthetic]

It's not like he's broke with all his pizza parlors. 

[jvan1973]

So he is actually getting a raise then.

how in the world did you come up with that in the post you quoted?

[jvan1973]

It's not like he's broke with all his pizza parlors.

What's your point? not that you ever have one

[dw49]

So he is actually getting a raise then.

 

 

No he's taking 4 mill less and the Bronco's would be pushing 6 mill into 2016 and 2017. Even if Manning didn't play he is only losing 4 mill. Try this.....

 

He was due to get 19 mill in 2015. He gets 15 mill instead. So that's a 4 mill pay cut . He losses 4 mill .. pretty much gives it back to Denver. Now they owe him 15 mill for 2015. They pay him like this..

 

Base salary for 2015 ...6 mill. 

New singing bouns of 9 mill and contract extended from ending 2016 to 2017. The base salaries in those years don't mean dog poop as they won't be guaranteed. 

 

So Pm collects 15 mill in 2015 .. the 6 mill base and 9 mill new signing bonus. 

Cap for Manning in 2015 is now 9 mill instead of the 19. thus saving 10 mill. But remember that he now as a 3 mill hit to Denvers cap in 2016 and 2017 even if they cut him. 

 

I left out other pro rated bonuses he has hitting Denver's cap and just illustrated how he took 4 mill less and how Denver saved 10 mill against the 2015 cap So if you look up his 2015 cap cost it will be higher than the 9 mill you see above by about 2,5 mill for bonus prorated when they signed him.

 

So in a nutshell , PM took 4 mill less and Denver pushes 6 mill into future years

[ÅÐØNϧ 1]

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

— NFL on ESPN (@ESPNNFL)

March 4, 2015

 

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

 

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

— NFL on ESPN (@ESPNNFL)

March 4, 2015

 

Peyton Manning and the Broncos are close to an agreement that will see Peyton take a $4 million pay cut (via @mortreport and @Jeff_Legwold)

 

Thats alot of pizzas .

[southwest1]

 He had a 2015 base of 19 mill. We know now it's 15 mill. So they extend his deal another year , which would make it 3 years remaining . Then they turn say 9 mill of the remaining 15 mill 2015 salary into a signing bonus. That's paid to him now and for cap purposes would count 3 mill per year in 2015 , 2016 and 2017. So his hit is reduced by another 6 mill in 2015.

 

 

If the reports are true it could be a cut and restructure like dw is saying.

They owe him, $40M? Cut that to $36M and push it two the years. That's $12M a season, and $10M almost in cap saving.

Thanks DW49 & Fx. I suck at numbers/ contact fine print stuff so I appreciate your assistance here in that regard. 

[southwest1]

Off topic: Any update on Manning's thigh injury rehab? Probably not. I just want 18 to end his NFL career on a high note next season. I know I give Peyton a hard time sometimes, but I'd like his swan song to end with a deep playoffs run at a bare minimum.

 

I do respect his intellect, his humor, & his longevity in this league. 

[BOTT]

Peyton likes that money

[jvan1973]

Peyton likes that money

who doesn't?

[oldunclemark]

Perhaps, this will be his last year, leaving no future to push that 10m, you wanted, out into.

I don't think this is Peyton's final year..I dont think that's likely

[BOTT]

who doesn't?

Considering his wealth, he could have taken a bigger cut. It's his money, he can do what he wants, but when Virgil green drops a critical 3rd down pass don't give him peyton face lol.