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| 21st February, 2007 - 1:54 pm |  NFL.com - Peyton Manning has agreed to restructure his contract with the Indianapolis Colts to save the team nearly $8 million in salary-cap space.
The Super Bowl MVP was to receive a multi-million-dollar roster bonus during the offseason but by converting the money into a regular signing bonus, the Colts can prorate that amount over the remaining four years of his deal. That saves Indianapolis space under the cap, which is $109 million.
The restructuring was disclosed to The Associated Press by a person familiar with the negotiations who spoke on condition of anonymity because the deal had not yet been signed.
Colts spokesman Craig Kelley said the team had no comment. [READ] |
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