Manning is currently signed through 2016, but according to USA Today, the Broncos have agreed to add more insurance protection in case the franchise-quarterback suffers a career-ending injury before that time. While the money situation will stay the same, the new contract negotiations enable the Broncos the ability to have more power over the situation. Manning is now only guaranteed money through the 2014 season.
This restructured deal is obviously just a precautionary measure that was ultimately necessary for the organization to make.
Over the next two seasons, Manning is set to make close to $40 million before any incentives, but the Broncos are not worried about this measure with success that Manning brought to the team last year.
Manning, having turned 37 in March, recently passed the proper physical test to ensure his guaranteed money for this season. Having no physical issues last season, or even any concerns with his former neck surgery, the Broncos have to be optimistic about their future situation with the aging quarterback.
As mentioned, the deal itself does not alter any current money agreements, but will provide more security for the team. However, since both parties technically renegotiated the deal, it was required to be filed with the NFL office. The deal has no effect on the team’s current salary cap or any other possible transactions in the near future.
There’s already high expectations for this squad to succeed this upcoming season, so weighing into the future of the team is certainley important, but not a number one priority.