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Peyton Manning and Denver Broncos working on restructured contract

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All signs point to Peyton Manning wanting to return for the 2015 NFL season but, while that is the most desirable outcome for the majority of the Broncos fan base, it appears there remains one issue that must be overcome if Denver are to welcome back the five-time NFL MVP.

No agreement yet

According to The Denver Post, the Broncos are in the midst of negotiations with Peyton Manning and his team about revising the veteran quarterback's current contract.

It is the complications surrounding the restructured deal that are believed to be holding up any official announcement from Manning on his future.

As well as his annual physical, set to take place on March 9, Manning's acceptance of a revised deal is the only thing stopping him continuing his career with Denver into next season.

Having earned $20 million in the 2013 and 2014 campaigns, the quarterback's salary for 2015 was already scheduled to drop to $19 million. Clearly though the Broncos front office want this number further diluted in order to remain competitive during offseason negotiations with free agents and potentially departing stars.

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Not necessarily a pay cut

Some may fear that Peyton Manning may reject a pay cut and walk away from negotiations but, in reality, a restructured deal could actually see the former Colts man earn more money in the long term.

This is what has happened with Manning's peer in New England, Tom Brady. The Super Bowl MVP revised his deal with the Patriots last season in a move than was lauded by many as a sacrifice. When the figures are accounted for however, Brady is actually set to earn $3 million more than originally on offer.

Deadline approaching

Peyton Manning's future situation has been rumbling on since Denver exited the playoffs back in January. It was hoped that a Feb 12th meeting between the quarterback and GM John Elway would lead to a speedy resolution but still fans wait on for news on the star.

There is though hope, according to NFL sources, that the player and franchise will reach an agreement on a new deal next week.

The Denver Broncos are clearly confident of getting the job done if their actions at the recent Combine are anything to go by. The team did not formally interview any of the current crop of quarterbacks heading for the draft.

What do you think Broncos fans? Are Denver right to demand a Manning restructure, and would you still take him back if he refused? Let us know in the comments section below...

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Peyton Manning
Denver Broncos

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