Denver Broncos Roster & Rumors: Peyton Manning to Return & Take Pay Cut in Contract for 2015 NFL Season
Peyton Manning is not ready to call it a career as the veteran quarterback reportedly decided to return to play for the Denver Broncos in the 2015 NFL season, the Associated Press reported.
Sources indicated that Manning has officially informed the Broncos about his intention to play next season, which will be his fourth with the club, in the hopes of winning another Super Bowl before he retires.
And to prove that he is more concerned with winning and not about the money that he will get next season, Manning has reportedly agreed to take a pay cut from the Broncos.
While there is still no official announcement from either camp, AP sources indicated that the 38-year-old agreed to receive just $15 million next season instead of the $19 million that he should earn based on the contract he signed with the team in 2012.
Under the revised deal, the veteran quarterback can take the $4 million pay cut from performance-based incentives for next season. He will still earn $19 million in 2016 if he decides to return.
Manning, who will be playing in his 18th season in the league, is expected to sign the new deal after completing a physical on Thursday. He declined to talk about his restructured contract, but told The Denver Post that he is excited to get back on the field with his team.
"I've been working real hard and I'm excited to be back with the Denver Broncos," Manning said. "Can't wait for April 13 to get here when the team can finally come together. I'm excited to get to work and get to know the new coaches and looking forward to trying to make 2015 a special year."
Manning, who completed 66.2 percent of his passes for 4,727 yards and 39 touchdowns, said in December, that he will definitely return to play for another season, but changed his tone after the Broncos lost to the Indianapolis Colts in the American Football Conference divisional round.
Talks about his retirement intensified after the Broncos decided to part ways with John Fox. Broncos general manager John Elway reportedly talked to Manning last month about their plan to restructure his contract to give the team more cap room to improve their roster, which was eventually accepted by the 14-time Pro Bowl player.
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