The Peyton Manning 'will he, won't he?' saga looks set to come to an end in a matter of days after reports emerged today suggesting that the veteran quarterback has agreed to take a substantial pay-cut to stick with the Denver Broncos for the 2015 NFL season.
Chris Mortensen and Jeff Legwold of ESPN are today reporting that Manning has agreed to a $4 million drop on his 2015 salary which was scheduled to be $19 million.
The news will delight the Denver Broncos faithful who have been waiting on tenterhooks for news on the quarterback ever since he put his NFL future into question in the aftermath of the team's playoff defeat in January.
Great all round
The signs in recent weeks had all pointed to Manning coming back for the 2015 season and now, with the contract issue having been the major stumbling block preventing any announcement seemingly solved, all parties look set to get what they want.
Manning gets another shot at the Super Bowl and a chance to make up for a lacklustre defeat to the Colts. The Denver Broncos front office get their franchise QB back for one more year, and a little extra room to manoeuvre in the salary cap.
On the surface it would appear that Peyton Manning is taking a fairly hefty cut on earnings for 2015 - almost a 25-percent drop off in fact. However, it is more than likely that, when the deal is officially announced, there will be some bonus/guaranteed money up front type situation in place ala Tom Brady's recently restructured New England Patriots contract.
Room to work with
Aged 39, and with over a decade of big money behind him, it is not like Peyton Manning needs the extra cash at this stage of his NFL career.
Indeed, reducing the team's salary cap hit for the upcoming season will more than likely work in the future Hall of Famer's favor. The Broncos could use the extra room to ink DeMaryius Thomas to a longer term contract after his franchise tag last week, or even bring in additional help at the position via free agency.
Of course Peyton Manning must pass his annual physical before any deal can be signed.
What do you think Broncos fans? Happy to have Manning on board, and can your team now plan for a Super Bowl challenge in 2015? Let us know in the comments section below...