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Old 02-21-2007, 12:39 PM    (permalink
Splat
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Default Manning agrees to restructure contract

http://sports.yahoo.com/nfl/news?slu...v=ap&type=lgns

Quote:
By MICHAEL MAROT, AP Sports Writer
February 21, 2007

INDIANAPOLIS (AP) -- 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.
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