3/20/2012: Signed a five-year, $96 million contract. The deal includes $18 million guaranteed -- Manning's 2012 base salary. The guarantees can rise to $60 million (Manning's 2013-2014 base salaries) if he passes a March 13 physical. 2012: $18 million, 2013-2014: $20 million, 2015-2016: Under Contract, 2017: Free Agent
Broncos signed QB Peyton Manning to a five-year, $96 million contract.
The biggest free agent signing in NFL history is now official. The amount of guaranteed money is currently unknown, but the $19.2 million average annual value surpasses that of both the deal Manning signed with the Colts last summer and the four-year, $72 million extension Tom Brady signed in 2010. It's an historic amount of money for any player, but particularly for a 36-year-old who didn't play a snap in 2011. The Broncos will now go about surrounding Manning with more weapons and former confidants. First up is likely free agent C Jeff Saturday.
The National Football Post's Andrew Brandt reports Peyton Manning will make $18 million in 2012 "without injury protection."
It's a leap of faith by the Broncos, but essentially means Manning's five-year, $96 million deal includes "only" $18 million in fully guaranteed money. The Broncos will be protected for injury beyond next season, as Manning must pass a March 2013 physical to guarantee $20 million base salaries in 2013 and 2014, while each year will include an injury waiver. Thus, it's essentially a one-year, $18 million contract with a March 2013 option to make it a three-year, $58 million deal. We wouldn't expect Manning to play beyond 2014.
Contract:5 yr(s) / $96,000,000 Signing Bonus - Average Salary $19,200,000 End Year:2016 Free Agent:2017 / Unrestricted
PREVIOUS CONTRACTS
2012-2012 BUYOUT
Team:Indianapolis Colts
Contract: 1 yr(s) / $10,400,000
2012: 10,400,000
2011-2015
Team:Indianapolis Colts
Peyton Manning (Indianapolis Colts)
Contract: 5 yr(s) / $90,000,000
Free Agent Type:UFA
2011: 3,400,000
2012: 7,400,000
2013: 8,400,000
2014: 9,400,000
2015: 10,400,000
Signing Bonus: $20 million
Option Bonus: $28 million (Due: 03/03/2012)
2011 Roster Bonus: $3 million
/*/
2004-2010
Team:Indianapolis Colts
Contract: 7 yr(s) / $99,200,000
Free Agent Type:UFA
2004: 535,000
2005: 665,000
2006: 1,000,000
2007: 1,000,000
2008: 11,500,000
2009: 14,000,000
2010: 15,800,000
Signing Bonus: $34.5 million
/*/
1998-2003
Team:Indianapolis Colts
Contract: 6 yr(s) / $48,000,000
Free Agent Type:UFA
1998: 144,000
1999: 1,430,000
2000: 2,666,000
2001: 4,452,000
2002: 6,298,000
2003: 9,842,000
Signing Bonus: $11.6 million
TRANSACTIONS (Contract history)
Mar 20 2012
Signed a 5 year $96 million contract with Denver (DEN)
Mar 7 2012
Released by Indianapolis (IND)
Jul 30 2011
Signed a 5 year $90 million contract with Indianapolis (IND)
Feb 16 2011
Signed a franchise tag with Indianapolis (IND)
Mar 2 2004
Signed a 7 year $99.2 million contract with Indianapolis (IND)
Jul 29 1998
Signed a 6 year $48 million contract with Indianapolis (IND)
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