A league source gave the info to ESPN NFL Insider Adam Schefter. Manning turns 36 in four days, on March 24, 2012.
How much will manning make this season? A different source told ESPN's business analyst Andrew Brandt that Peyton Manning will make $18 million in 2012.
Assuming he passes a team physical that will be given 10 days prior to the start of the 2013 league year, Manning will earn $20 million in both the 2013 and 2014 seasons. He is scheduled to make $19 million in both 2015 and 2016, but must pass a physical before each league year.
The contract also contains an injury waiver. If he re-injures his surgically repaired neck during the 2013 season, the Broncos will not have to pay his 2014 salary.
The Tim Tebow era appears over, even as a backup: sources told both ESPN senior NFL analyst Chris Mortenesen and Schefter that the Denver Broncos plan to try to trade the quarterback.
Under terms of the new collective bargaining agreement, Manning will not be allowed to participate in classroom football discussions with the coaching staff until Monday, April 16. In addition, the future Hall of Fame quarterback will not be allowed to use the Broncos' football field under the supervision and instruction of the coaching staff until May 2.
Rehab throwing sessions made under the supervision of trainers may not involve any current Broncos receivers until April 16. He can, however, work out with the Denver receivers without the supervision of coaching staff, as long as it is away from the Broncos' facility until the allowable window opens per the collective bargaining agreement.
Manning will be introduced as the Broncos' new starting quarterback at a 3 p.m. ET news conference.
Indianapolis Colts owner Jim Irsay congratulated his former player in a team statement on Tuesday morning. Irsay said, "I congratulate Peyton as he heads to a tremendous organization in the Denver Broncos. We wish him nothing but the best as he continues his Hall of Fame career."
Image Source: Wikimedia Commons