skywalker2208
02-21-2007, 01:17 PM
INDIANAPOLIS -- Peyton Manning has agreed to restructure his contract with the Indianapolis Colts 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.
The restructuring was disclosed to The Associated Press on Wednesday by a person familiar with the negotiations who spoke on condition of anonymity because the deal had not yet been signed.
I didn't see this posted anywhere
http://sports.espn.go.com/nfl/news/story?id=2773817
I like see this from players because it shows they are a team player and want to help the team
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.
The restructuring was disclosed to The Associated Press on Wednesday by a person familiar with the negotiations who spoke on condition of anonymity because the deal had not yet been signed.
I didn't see this posted anywhere
http://sports.espn.go.com/nfl/news/story?id=2773817
I like see this from players because it shows they are a team player and want to help the team