P-Rez25

INDIANAPOLIS -- Peyton Manning has agreed to restructure his contract with the Indianapolis Colts to save the team nearly $8 million in salary cap space.



The Super Bowl MVP was to receive a $10 million roster bonus during the offseason but by converting the money into a regular signing bonus, the Colts can prorate that amount over the remaining four years of his deal. That saves Indianapolis space under the cap, which is $109 million.



The restructuring was disclosed to The Associated Press on Wednesday by a person familiar with the negotiations who spoke on condition of anonymity because the deal had not yet been signed.



Colts spokesman Craig Kelley said the team had no comment.



Manning signed a $98 million contract in March 2004, the season after he shared the league's MVP award with Steve McNair.

ESPN.com - NFL - Manning restructures contract to save Colts cap room

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CP24

i was just gonna post this, u beat me to it

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MickeyG

See to me he could have taken a much bigger pay cut. Wasn't his contract a little over 100 mil. with a huge signing bonus? Unless he keeps taking cuts his contract is going to catch up to them.

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bigboy

And yuo won't hear anything about anyone else taking a cut at all....

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