Peyton Manning signed a five-year, $96 million deal with the Broncos in March, but the future Hall of Fame quarterback is treating his deal as a one-year pact.

Manning will earn $18 million this season, but will need to pass a physical in March 2013 to trigger the guarantees on the remaining $40 million in guaranteed money.

"End of the day, my contract (with the Broncos) really is only a one-year contract," Manning told the Denver Post. "That is the fact of the matter, so I think you do play with a sense of urgency."