It’s official. Peyton Manning has gone from Colt to Bronco. The cost of a 4-time league MVP with a questionable neck? $96 million for five years with the team and a plan to retire at the end of those five years. Interestingly enough, Denver had to bring the number 18 out of retirement to give it to Manning. The number had been retired in honor Denver’s first quarterback, Frank Tripucka. Apparently, Mr. Tripucka was happy to let Manning wear his old number.
While nothing is official yet, it seems Peyton Manning will be signing with the Denver Broncos. Several news outlets are reporting that Manning told his agent to work out a deal with the team.
Expect an official announcement soon.
Today Peyton Manning was released from his contract with the Indianapolis Colts after 14 years with the team. On July 30, 2011, the Colts signed Manning to a 5 year, $90 million contract. Because of cervical fusion surgery in September of last year, the third operation on his neck in 19 months, Manning sat out for the 2011 season while the Colts went 2-14. The price for that season? About $26 million if you count the signing bonus for his contract, his base salary and a roster bonus. Indianapolis would have had to pay him an additional $28 million option bonus if he had remained with the Colts through the end of today. Read More…