September 09, 2011
The injured Indianapolis Colts quarterback Peyton Manning(notes) signed a new contract in July worth $90 million over the next five seasons. Now word comes from ProFootballTalk that the 35-year-old who underwent his third procedure in 19 months involving his neck Thursday and is out indefinitely did not have to pass a physical before signing the deal.
"In other words, he got $20 million to sign, and the Colts didn't insist on obtaining medical clearance that he can play before giving it to him," the site notes.
Manning has a base salary of $3.4 million this season and a $3 million roster bonus for being on the roster for any game this season. It's looking like he will collect fully on both of those. And even if Manning ends up not playing this year, the Colts are on the hook for a $28 million option bonus "early in the next league year," PFT points out, unless Manning gets traded or released. And neither of those appears to be under any consideration.
Posted Jul 2 2012
Posted Jul 3 2012
Posted Jun 21 2012