Peyton Manning will be returning back to the field in a Denver Broncos uniform, but with $4 million less in his bank account.
The future Hall of Fame quarterback was set to make $19 million in 2015 and 2016, but now has a restructured contract and will be paid $15 million for each. However, Manning can make back that $4 million with incentives. If the Broncos make it to the Super Bowl next season, the quarterback will get $2 million. If the team wins the Super Bowl, then Manning will get an additional $2 million.
Manning told the Denver Post Wednesday afternoon (Mar. 4):
“I don’t talk about my contract. I never have in 18 years and I’m not going to start now. I’ve been working real hard and I’m excited to be back with the Denver Broncos. Can’t wait for April 13 to get here when the team can finally come together. I’m excited to get to work and get to know the new coaches and looking forward to trying to make 2015 a special year.”
The 38-year-old, who turns 39 this month, has chosen to take the pay cut to help the Broncos organization build a roster with better players. This move will also entice receiver Julius Thomas to re-sign with the team.
The Broncos have made the playoffs all three seasons including a Super Bowl appearance with Manning taking the snaps, but 2015 will be the season for the quarterback to shatter records.
In 2014, Manning passed Brett Favre to break the record for career touchdown passes and is currently at 530. This season, Manning will try to break Brett Favre’s career yardage record of 71,838 with only 2,148 yards more to go and only needs 9 more wins to break Favre’s record of 186 career wins.
Manning will be entering a new season with a new head coach, but that hasn’t deterred him from playing well in the past. The last two times Manning had a new head coach, he went 14-2 and 13-3 in those regular seasons.