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Peyton Manning Signs New Contract With Denver Broncos

peyton manning

Pro Football is reporting that future hall-of-famer quarterback Peyton Manning has just signed a new contract with the Denver Broncos, but the deal will not alter how much he makes.

The NFL’s official transaction page calls the new deal a “renegotiated contract,” but a source disclosed to Pro Football Talk that Manning is still set to receive $40 million over the next two seasons in $20 million dollar installments. Manning’s new contract, according to the report, adds a new insurance clause the Broncos purchased just in case their star QB suffers another serious injury.

Should he get injured again, the insurance clause will compensate the Broncos and provide a cap credit. The Broncos can avoid the $20 million payment in 2014 only if Manning suffers an injury to the same area of his neck.

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