Peyton Manning is gambling $4 million on winning the Super Bowl this year
Getty Images
Manning and the Denver Broncos agreed on a restructured contract for the 2015 and 2016 seasons according to Mike Klis of The Denver Post.
The new deal is being reported as a "pay cut," with Manning's 2015 salary being reduced from $19 million to $15 million. However, Manning will still earn $19 million if the Broncos win the Super Bowl.
According to Jeff Legwold and Chris Mortensen of ESPN.com, Manning's new contract includes a $2 million incentive for winning the AFC Championship game and another $2 million incentive for winning the Super Bowl.
The Broncos initially wanted Manning to take "a far more severe pay cut," according to Kris. However, Manning basically just pushed $4 million in chips to the center of the table and told the Broncos he still has one more Super Bowl win in his 38-year-old body.
The 2015 season will be Manning's 18th in the NFL. His new contract still includes a $19 million salary for the 2016 season, however, that salary is not guaranteed and would almost certainly need to be renegotiated if Manning decides 2015 is not his last season.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market