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12isthenew18

By 12isthenew18
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ColtsLegacy Active Roster

ColtsLegacy

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I'm lost on remembering this but how come we didn't trade peyton for picks at the time we committed to luck? I don't remember and cant find any links because we could have serious talent if we did this

 

Because the cap hit would have been astronomical if we didn't cut him when we did.

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Derakynn Active Roster

Derakynn

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Wasn't it that he was guaranteed his salary if we didn't release  him by a certain date. No one would trade for him because they knew we would release him.

Trading would guarantee his rights, of which many wanted, but only one could have.

Also it would have cost Irsay 30 mil to do that. Not worth it for him. 

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ColtsBlueFL Team Captain

ColtsBlueFL

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What a shame some forum members couldn't play nice and commit to an answer to the question for the guy instead of what went down in some posts.

 

In any event, and to put true closure to this thread, Peyton Manning was due a 28 million dollar roster bonus payment on Mar 8 of 2012.  The official league new year didn't begin until a week later.  That is why we couldn't trade Peyton, and he refused to push the roster bonus date back. So Colts had to either cut him outright, or pay him the $28 million plus his 2012 salary of 7.4 million, a signing bonus of 4 million, and an option bonus of 5.6 million.  That was a going to be a huge financial commitment to make for him when he was still recuperating from the neck surgeries and its associated nerve regeneration issues.  All of this with Andrew Luck ripe for the taking in the draft.

 

So no real trade possibilities, and a huge hit to the payroll to keep Peyton on the team.  Probably the best thing for both the Colts and Peyton, sad as it was.

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Superman Ring of Honor

Superman

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What a shame some forum members couldn't play nice and commit to an answer to the question for the guy instead of what went down in some posts.

In any event, and to put true closure to this thread, Peyton Manning was due a 28 million dollar roster bonus payment on Mar 8 of 2012. The official league new year didn't begin until a week later. That is why we couldn't trade Peyton, and he refused to push the roster bonus date back. So Colts had to either cut him outright, or pay him the $28 million plus his 2012 salary of 7.4 million, a signing bonus of 4 million, and an option bonus of 5.6 million. That was a going to be a huge financial commitment to make for him when he was still recuperating from the neck surgeries and its associated nerve regeneration issues. All of this with Andrew Luck ripe for the taking in the draft.

So no real trade possibilities, and a huge hit to the payroll to keep Peyton on the team. Probably the best thing for both the Colts and Peyton, sad as it was.

Don't mean to pile on to a closed thread, but minor point of clarification: the date of the option bonus was not allowed to be restructured at that point. Contracts can't be restructured for a league year once the last regular season game is played. That (presumably) includes the date of the option bonus, since it was due to be paid prior to the start of the new league year.
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