P. Manning Reportedly Restructuring Contract to Help Colts Create Salary Cap Space
Super Bowl most valuable player Peyton Manning reportedly is reworking his contract to clear salary cap space for the Indianapolis Colts.
According to the Associated Press, Manning and the team have agreed to convert a $10 million roster bonus into a signing bonus in a maneuver that creates nearly $8 million in cap room next season for the Colts.
By Mark Maske |
February 21, 2007; 1:51 PM ET
| Category:
Colts
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Posted by: Jeff | February 21, 2007 2:51 PM
So he doesn't actually lose any money, right? Is this just a method to reorganize accounts so they can spend more?
Posted by: Will | February 21, 2007 3:21 PM
So he doesn't actually lose any money, right? Is this just a method to reorganize accounts so they can spend more?
And isn't a roster bonus conditional whereas a signing bonus is not? If I've got that right, this deal is actually beneficial for Manning and not really an altruistic move at all. Someone correct me if I'm wrong.
Posted by: Will | February 21, 2007 3:23 PM
Isn't a roster bonus conditional on ... being on the roster? I don't think Mr Manning was risking much in the first place.
Posted by: Gonzo, MD | February 21, 2007 3:56 PM
That sumgun Peyton'll do anythang to hep the team.
Posted by: mart | February 21, 2007 4:39 PM
I get sick of people talking about players doing the team a favor with this kind of restructuring. Manning is still getting the exact same amount of money and simply agreed to changing the accounting characterization of the money for cap purposes.
Posted by: thinker | February 21, 2007 4:41 PM
I get sick of people talking about players doing the team a favor with this kind of restructuring.
*shrugs*
It's a business. It's not like anyone involved (players, agents, coaches, management) is in it for the love of the game, unless you believe NFL marketing. It's paid-for-entertainment. Why would anyone imagine altruistic motives?
Posted by: Gonzo, MD | February 21, 2007 4:56 PM
I get sick of people talking about players doing the team a favor with this kind of restructuring. Manning is still getting the exact same amount of money and simply agreed to changing the accounting characterization of the money for cap purposes.
***
and your point is? John Elway did the same towrads the end of his career so the Broncos could sign free agents on defense which ultimately led to 2 Super Bowls.
Posted by: 761-091 | February 21, 2007 5:11 PM
You mean that dirty rotten son of a you know what isn't losing money on the deal? What kind of low down rotten scum would agree to a deal that helps the team get better players but doesn't offer to pay their salaries? This really ticks me off! Frankly, I'm getting sick and d*mn tired of Manning always bad mouthing the other players and his constant bragging about how great he is. He's the problem with the sport: too much bad sportsmanship! I know when my boss wanted to hire extra help, I told them to cut my pay--I know you guys would agree its only fair.
Posted by: SteveinVa | February 22, 2007 2:00 AM
You mean that dirty rotten son of a you know what isn't losing money on the deal? What kind of low down rotten scum would agree to a deal that helps the team get better players but doesn't offer to pay their salaries? This really ticks me off! Frankly, I'm getting sick and d*mn tired of Manning always bad mouthing the other players and his constant bragging about how great he is. He's the problem with the sport: too much bad sportsmanship! I know when my boss wanted to hire extra help, I told them to cut my pay--I know you guys would agree its only fair.
Posted by: SteveinVa | February 22, 2007 2:03 AM
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Looks like he'll have to make up the difference with more television commercials.