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Broncos add insurance clause to Peyton Manning's deal

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03:16 PM ET 05.17 | Quarterback Peyton Manning signed a new contract with the Denver Broncos that includes an insurance clause which gives the organization financial relief if the 37-year-old is sidelined with a major injury, according to a report from ProFootballTalk on Friday. The clause, according to the report, would provide the Broncos with reimbursement and salary cap breathing room if Manning is unable to play. He is set to make $20 million in both 2013 and 2014, but the latter year's salary can be wiped off Denver's books should Manning re-injure the same area of his neck that has undergone multiple surgeries over the past few years. However, this would not cover them if Manning were to suffer any other serious injury.

ProFootballTalk

Broncos quarterback Peyton Manning and John Elway, Ron Chenoy-USA TODAY Sports Broncos quarterback Peyton Manning and John Elway, Ron Chenoy-USA TODAY Sports
May 17, 2013  03:48 PM ET

I can't figure out any reason why Peyton would agree to this, unless he's just a nice guy looking out for his team, who doesn't need the money if he gets hurt.

On the moral totem pole, this puts Peyton above Brady now, right? I mean, Brady didn't sacrifice ANY potential for guaranteed money.

May 17, 2013  04:05 PM ET

I'm sure the nature of the policy is to void his contract while returning money to the team. Therefore if he gets hurt he still gets paid but the Broncos get a refund. Now the premiums for that have to be huge.

May 17, 2013  05:02 PM ET

Seriously, what was the point. Any decent lawyer would get him the $20 million guaranteed next year regardless.... "barring compelling medical evidence that any new neck injury arises directly from the old neck injury, Peyton is getting $40 million over the next two years."

That would be nearly impossible to prove..

May 17, 2013  05:13 PM ET

The clause doesn't affect what Peyton Manning is paid. The only consequence would be that the Broncos do not take the cap hit IF that same area of the neck is injured and he can't play. Bottom line...Manning gets his money and the Broncos a off the hook cap wise should he be injured again.

May 17, 2013  05:18 PM ET

Could be if he docent play well, the Broncos won't have to pay The Pain In The Neck!!! Good Deal for Them!

May 17, 2013  05:21 PM ET
QUOTE(#4):

The clause doesn't affect what Peyton Manning is paid. The only consequence would be that the Broncos do not take the cap hit IF that same area of the neck is injured and he can't play. Bottom line...Manning gets his money and the Broncos a off the hook cap wise should he be injured again.

Not sure it is that simple. If it was, every team would put in a clause about injury. The cap is the cap. If it happens, it will not be the Broncos call, it will go to the NFL offices.

"To get the cap credit, the contract must refer to the insurance policy."...And the insurance co. will make the call.

May 17, 2013  05:33 PM ET
QUOTE(#6):

Not sure it is that simple. If it was, every team would put in a clause about injury. The cap is the cap. If it happens, it will not be the Broncos call, it will go to the NFL offices."To get the cap credit, the contract must refer to the insurance policy."...And the insurance co. will make the call.

No question it will be a situation where the Broncos will be told no by the insurance company initially. They're probably anticipating that and have a strategy after the no. That being said, you're right it's not that simple. The cost has got to be substantial.

May 18, 2013  08:42 AM ET

Peyton is not stupid, he will get his $40 million regardless. The Broncos are trying to hedge a bet. Ya can try I suppose. They better be thinking about who will be the QB after next year....

May 18, 2013  09:41 AM ET

"Quarterback Peyton Manning signed a new contract with the Denver Broncos that includes an insurance clause which gives the organization financial relief if the 37-year-old is sidelined with a major injury..."

Ah! Yes! Nothing quite like believing in your QB's durability!

And, now, for the plan to collect that insurance money!

 
May 19, 2013  09:52 AM ET
QUOTE(#9):

"Quarterback Peyton Manning signed a new contract with the Denver Broncos that includes an insurance clause which gives the organization financial relief if the 37-year-old is sidelined with a major injury..."Ah! Yes! Nothing quite like believing in your QB's durability! And, now, for the plan to collect that insurance money!

Bountygate 2 on the way perhaps??? :^)

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