The Denver Broncos and their five-time NFL MVP have agreed on a contract for the 2015 season, although the contract sees Peyton Manning taking a $4 million pay cut to allow the Broncos to do business on the free agent market. Manning will be making $15 million in base salary, which is down from the $19 million that he was expected to earn. The only thing left was for Manning to pass a physical examination and with that now completed, he’s locked and loaded for the 2015 NFL season.
With the new contract finalized, Manning will be ready to start his 18th year in the NFL since he was drafted first overall by the Colts in the 1998 NFL draft. He missed the 2011 season because of a neck injury, but has shown no ill signs of it since returning to action with the Broncos. Manning and Broncos general manager John Elway met to discuss his contract multiple times and Manning’s willingness to take the pay cut and stay in the Broncos organization gives the Broncos the ability to be more active on the free agent market.
Manning will turn 39 on March 24th and still has one more year left on the original five-year deal that he signed with the Bronco’s back in 2012. He is under contract to earn $19 million again in 2016.