Summary
Quarterback Peyton Manning has agreed to restructure his contract with Indianapolis 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.See the full content of this document
Extract
Manning Reworks Deal to Save Colts Some Cap Room
The restructuring was disclosed to The Associated Press on Wednesday by a person familiar with the negotiations who spok...
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