Peyton Manning has signed a new contract that was negotiated primarily for insurance reasons and doesn’t alter his compensation, Pro Football Talk reported Friday. The NFL official transaction page lists Manning as having a “renegotiated contract,” but the PFT.com report said Manning’s contract calls for him to be paid the same amount he was scheduled to make under the old deal—$40 million ($20 million in each of the next two seasons). The new contract adds a clause that reflects the team’s purchase of an insurance policy in the event Manning sustains a serious injury. According to the PFT.com report, the insurance would compensate the Broncos and supply a cap credit if Manning can’t play.
Peyton Manning's 'renegotiated contract' doesn't change compensation, adds insurance clause
Sporting News | May 18