[quote:3df318d37d]We’ve now gotten to the [url=http://profootballtalk.nbcsports.com/2012/03/22/inside-the-peyton-manning-contract/]truth[/url]. (We’ve determined that we indeed can handle the truth, and we think you can, too.)
It’s a surprisingly simple deal, based on a review of the information and communications with a source having direct knowledge of the negotiation process. Manning gets an $18 million fully guaranteed base salary for 2012. [b:3df318d37d][color=yellow:3df318d37d]Though he doesn’t get a signing bonus, he’ll receive $6 million of the $18 million base salary as an advance.[/color:3df318d37d][/b:3df318d37d]
Then, if Manning is on the Broncos’ roster on the final day of the 2012 league year, his base salaries of $20 million in 2013 and $20 million in 2014 become fully guaranteed.
[b:3df318d37d]In other words, the Broncos can cut Manning at any point after Super Bowl XLVII and before the last day before the start of the 2013 league year and limit the contract to a one-year, $18 million investment. And so, just as the Colts faced a $28 million decision in March 2012, the Broncos will face a $40 million decision in March of 2013[/b:3df318d37d].[/quote:3df318d37d]
Didn't get a signing bonus but he did pocket $6M upfront.