I'm trying to better understand the leverage concept in terms of NFL contracts since it's been such a big issue in another thread. I'm ready to learn.
It seems to me the one who has the leverage depends on the situation. If I understand the Peyton Manning situation correctly he is owed $28M by the Colts on March 8 and a total of $63M on his contract. If they pay him the $28M he remains a Colt and they owe him the other $35M over time. If they don't pay him he is a FA. At this point he's likely to leave.
The bad part for the Colts seems to be they lose Manning and get nothing for him. (The losing-him part is probably not that big a deal anymore. He's not the 30-year-old Manning that dominated defenses weekly.) The good part for the Colts is they keep a lot of money.
The good part for Manning is he is now free to go to the highest bidder. The bad part is I don't think the bids will be very high and he never sees the $28M much less the $63M.
It seems to me that, in the general sense, a player in Manning's situation has leverage but that in this particular case, that leverage is a ghost which is extremely unlikely to come back and haunt the Colts. He's old, he's damaged goods, and no one is going to pay him a king's ransom - are they? :hmm:
Am I missing something?