Peyton Manning will be back for the 2015 season to make at least one more run at winning his second Super Bowl and this time he is gambling $US4 million that it will finally happen.
Manning and the Denver Broncos agreed on a restructured contract for the 2015 and 2016 seasons according to Mike Klis of The Denver Post.
The new deal is being reported as a “pay cut,” with Manning’s 2015 salary being reduced from $US19 million to $US15 million. However, Manning will still earn $US19 million if the Broncos win the Super Bowl.
According to Jeff Legwold and Chris Mortensen of ESPN.com, Manning’s new contract includes a $US2 million incentive for winning the AFC Championship game and another $US2 million incentive for winning the Super Bowl.
The Broncos initially wanted Manning to take “a far more severe pay cut,” according to Kris. However, Manning basically just pushed $US4 million in chips to the center of the table and told the Broncos he still has one more Super Bowl win in his 38-year-old body.
The 2015 season will be Manning’s 18th in the NFL. His new contract still includes a $US19 million salary for the 2016 season, however, that salary is not guaranteed and would almost certainly need to be renegotiated if Manning decides 2015 is not his last season.
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