The Broncos introduced Peyton Manning on Tuesday after the two sides reached an agreement on a five-year, $96 million deal, according to a league source.
Manning will be paid $18 million in 2012, according to a source.
Manning will be paid $20 million in both the 2013 and 2014 seasons if he passes a team physical to be given 10 days before the start of the 2013 league year.
Broncos, Manning Agree To Five-Year, $96M Deal