Because it wouldn't be fair to have a slow news day in the NFL, Peyton Manning and the Broncos agreed to a renegotiated contract on Friday. Despite the headline-grabbing nature of that sentence, the change is actually "very minor" a source tells CBSSports.com's Mike Freeman.
The "new" deal shows up on the NFL.com transactions page and is listed as a "Renegotiated Contract."
Manning's "new" contract was first reported by Mike Florio of Pro Football Talk, who wrote that the contract "reflects that the team has purchased an insurance policy in the event Manning suffers a serious injury."
Freeman confirms the Broncos are "protecting themselves for cap purposes" -- the insurance clause helps protect Denver in the event that their quarterback, slated to make $40 million guaranteed over the next two years, suffers a major injury not relating to the neck injury that ended his run with the Colts.
Which is probably why they'd like to make sure their investment is insured.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.