Colts, Manning can delay $28 million option bonus payment

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During today’s PFT Live, Bob Kravitz of the Indianapolis Star (click the box in the right rail to watch it) raised an interesting point regarding the $28 million option bonus due and payable to Colts quarterback Peyton Manning on March 8.

Kravitz has heard that Peyton and the Colts can’t delay the due date, which would give the Colts far less flexibility when deciding whether to pay the money to a player who may not be, and who may never be, 100 percent.  It also would give Manning the ultimate cover for declining to postpone his next pay day.  If he chooses not to comply, it looks like he’s being greedy and unreasonable, and/or trying to force his way out of town.  If he can’t do it, then he can’t do it.

I promised to get to the bottom of the situation once Kravitz raised it.  The answer is simple.  The Colts and Manning can renegotiate the contract to change the period to exercise the option payment.

So if anyone reports it can’t happen, there’s a good chance that this concept is being pushed by the Manning camp in order to help Peyton win a P.R. battle with the franchise that officially was launched by his lengthy and compelling interview with Kravitz.

69 responses to “Colts, Manning can delay $28 million option bonus payment

  1. Actually the reason people are saying it can’t be renegotiated has to do with a clause in the new CBA that apparently says once a team has finished it’s games for a given year, the cannot renegotiate existing contracts until the new league year starts. And since the bonus is due prior to that they should not be allowed to push it back.

  2. Let’s stop pretending Peyton will ever see a dime of that bonus. The writing is clearly on the wall in Indy…they just want to get the Super Bowl played so Irsay doesn’t have to deal with the fallout and distract from making $$$ at his venue. After the SB Peyton goes the way of dummy-no-jobby Caldwell

  3. Not happening.

    Teams I’d like to see Manning play for, in order

    Dolphins (AFC)
    Chiefs (AFC)
    Redskins
    40 Whiners

  4. Why should he? They agreed to it and a deal is a deal. If the colts choose to cut him that’s their prerogative and their decision, but the notion that Manning should bend over for the colts to make things easier for them is absurd.

  5. Anything that lessens the Dolphins/Jets chances at Manning is a good thing.

    I’d rather the Bills be eliminated from playoff contention in weeks 10-16 than before the season even starts.

  6. So what you are saying is that a contract can be amended if both sides agree to do so?

    I appreciate that you said you’d get to the bottom of this (and did) but I thought everyone already knew this?

  7. I can tell my boss, who I’m pissed at, not to give me my $28m paycheck at work too.

    Ask me if I’m gonna do it.

  8. You’re gonna have to do a little better than just saying it’s simple, they can’t.

    What about info on what you did to get to the bottom of it? Did you ask the NFLPA or the NFL?

    How about where in CBA/contract says the date can be moved?

    Or how that it’s possible since the bonus is due during the current league year and the CBA says that once the last regular season game has been played, you cannot renegotiate the bonus.

  9. It is in neither side’s interest to stretch this out any further. For the Colts, if Manning isn’t healthy by March 8, he likely never will be, and it’s time to move on.

    Manning has even less reason to agree to a delay – if he believes that he can pass a physical, and that the Colts will ultimately cut him, then why should he wait a month while teams commit their free agent dollars elsewhere? The March 8 deadline will force this issue to a head, which is in the best interest of both sides.

  10. I dislike all of the Mannings and all of the greedy owners and now the greedy individuals who run the National Fining League. In saying all of that I’d still love to see Manning in a Dolphins uniform with a significantly lower salary.

  11. Isn’t anything negotiable, if both parties agree?

    Another team could agree to a cash payment to cover some of that, of course.
    I don’t see Manning headed to head butt with Brady in the AFC East, but money could talk.
    Jets would be much scarier with a healthy Peyton in there.

    San Francisco would be a walk-in potential SB trip.

  12. come on not only does the contract have to have both parties but it ALSO has to abide by league rules. I don’t know about contract renegotiations that occur before the new league year or if this can be done. Could someone clarify?

  13. Screw them, he should force them to either pay him or release him. What favors does he have to do for them? None, he is Mr. Colt and now that Luck is in this draft now they want to treat him like John Beck, no way Peyton. Force them to release you and go play for a contender.

  14. The Colts are cutting their organization apart at light speed. Why would we expect Manning will be treated any differently? They’re moving on, and the real question is partly whom he’ll play for, partly whether he’ll ever play again. But the Colts? In the rearview mirror.

  15. Nice report….until the last paragraph.

    Why can’t just the facts be reported and not the unnecessary speculation about who is behind a report that hasn’t even been made.

  16. Everything is negotiable… Those fans hoping their team signs him should remember he is only one hit away from a season ending injury. His qb days are behind him.

  17. Why has everyone forgotten Manning signed this deal last year with a bad neck and never played down under the new deal? How can anyone bad mouth the Colts for being a little concerned about his health AND his paycheck? How can the Colts pass on a speculated franchise QB when their current franchise QB may never play again? Peyton, time for your broadcasting career to begin. Colts have too many holes to spend $28 on a banged up QB.

    No one likes the packers

  18. It sounds like there are 3 entities involved, Manning, the Colts, and the newly agreed upon CBA. That last one may make it impossible for the first two to make changes even if they both would like to.
    What I would expect IF the CBA would allow it is Irsay and Manning to have their talk, agree to restructure the deal, and agree on a short list of teams that Manning would be Okay playing for. Then Irsay works out a trade with one of those teams which picks up the deal with the more realistic contract numbers.
    Honestly, I think he deserves that from the Colts.

  19. ” I’d still love to see Manning in a Dolphins uniform with a significantly lower salary.”

    LOL what planet are you living on ? You really think Manning is going to play for any team that has been perennial losers for less than what he’s getting now ? Really ?

    If and when he goes to another team its going to be for an astronomical amount.

    IF he ever plays again. Three surgeries on his neck he’s a fool to get out there on the field again. He’ll be one helmet to helmet hit away from being paralyzed. Time to take his bucket o’ millions and have a nice retirement.

  20. As a Pats fan with a lot of respect for Peyton, I say pay the man and let him retire. He’s brought in far more than $28 million for your franchise over the years, and nobody wants to see him stumbling around in a Jets jersey and a neck brace just to prove a point. So it might hurt your cap next year, it’s not like you have anywhere to go but up from this season anyway.

  21. Short term memory…this is one of the best qbs ever!! Maybe the best in my lifetime.if he is healthy…especially on a half decent team (dolphins) they are automatically in the convo for the superbowl this year.he isn’t some system qb.he makes the system look good.teams would be stupid to pass on this guy if healthy.I believe its either dolphins or skins who get him if available.each with good teams and have already punched they’re ticket to at least the 2nd round of the playoffs maybe even some hardware with peyton.yeah…he’s just that good.if your the eagles,cowboys or giants.be prepared to be 2nd fiddle.pats are the pats so I won’t go there with the fins just yet.here’s to seeing a healthy manning in 2012-13 regardless of team,but most of all go dolphins!!!!

  22. Why not cite a specific clause that allows them to renegotiate? I’ve seen reports of the clause in the CBA that prevents them from renegotiating until the new league year but not one that says otherwise. Is there something that at least implies that as long as both parties agree, they can renegotiate all they want?

  23. 29 Quarterbacks have been selected with the number one overall pick. Only 12 or 41% have been to the prowbowl. Three are in the hall of fame and being VERY generous we will put in 4 current players (P Manning for sure, and then we will assume that out of E. Manning, Vick, Staford, Bradford and Newton that 3 make it). That means even being VERY generous the chance of Andrew Luck being in the HOF is just 31%.

    There is less then a 1 in 3 chance that Andrew Luck is ever in Manning’s class. Every other method of coming up with this percentage (ex: 1st round as a whole) comes up with an even lower percentage.

  24. Here are some quotes from the actual new CBA regarding renegotiations.

    Mike, please explain how these don’t fit the Peyton Manning contract situation…

    A13.S8.a.iii – “No contract renegotiations may be done for a current season after the last regular season game of that season”

    A13.S8.e – “An amendment to a Player Contract that changes the terms under which signing bonus is paid is a renegotiation.”

    A13.S7.c – “Any amount specified to be paid for the exercise of an option by a Club to extend the term of a Player Contract shall be treated as signing bonus, prorated over the remaining term of the contract commencing in the League Year in which it is exercised…”

  25. “It also would give Manning the ultimate cover for declining to postpone his next pay day. If he chooses not to comply, it looks like he’s being greedy and unreasonable, and/or trying to force his way out of town.”

    Irsay blowing up the front office, the coaching staff, the team, and wasting the #1 pick on a QB instead of using it on someone who can help Manning win now is a pretty clear invitation for Manning to leave the Colts.

    Manning would have to be a sucker to postpone the bonus. All that would do is allow Irsay to jerk him and Colts fans around for a few more months.

  26. What kind of horrible reporting is this? No mention of whether it can legally be done based upon the rules of the CBA.

    They could not pay it and he becomes a FA, then they could negotiate a new contract, but when contracts can be renogatiated is spelled out in the CBA. What are those rules? Anybody check that out before posting this story?

  27. But can you delay the #1 pick in the draft closing in?

    Can you delay retirement in hopes that your neck and vertebrate are alligned safely enough to take hits at 36 years old?

  28. so under the current contract he’s guaranteed $28m Mar8.

    and someone expects him to renegotiate that contract? why would he?

    there is 100% chance that Peyton will hold the Colts to that deal….

    there is also a 100% chance the Colts will keep him and try to get some of that $28M back in a trade…

  29. I think there are two big questions here. One, will Manning be able to resume his career and be as effective as he once was? Two, is he willing to make “adjustments” so he can be traded as opposed to cut, so the Colts can get some value for him, assuming those adjustments can be made?

    Obviously, the first question is the most important.

  30. @randomguy9999 says:Jan 24, 2012 2:53 PM

    so under the current contract he’s guaranteed $28m Mar8.

    and someone expects him to renegotiate that contract? why would he?

    there is 100% chance that Peyton will hold the Colts to that deal….

    there is also a 100% chance the Colts will keep him and try to get some of that $28M back in a trade…
    ——————————————————–

    Why would he? Because he has told eveyone that will listen that he wants to finish his career with one team, and in Indy. If it looks like Indy is going to release him instead of paying $28MM to somebody that they don’t know if they will ever play a down again (and they would be MORON’s to do that), then they might ask for an extension of the bonus date and Manning might very well give it to them if he thinks he is going to be healthy and it helps his chances of staying in Indy.

  31. why would manning restructure? I think manning wants to be released so he can go where he wants and win another superbowl. It won’t happen in Indy. Manning will not play another down for indy. book it.

  32. Smart money is on the Redskins. Shanahan needs a QB which would make the Redskins very competitive in the NFCE.

    As much as my disdain for the jets organization, Eli owns NY win or lose. There is no way Peyton would want to take anything away from his little brother. Miami could pay Peyton’s tab but somehow they will F– that up too.See Harbaugh/Fisher.

  33. a trade cannot happen before the league year, and even if they sign him, the dead money would be too large to be worth the pick(s) you’d get in return.

  34. why would manning agree to delay the payment. I dont see it. did you see the comments he made! he ripped the org for the way they cold cutted Edjerrin, Harrison, etc… They just fired everyone and are bringing in complete strangers. And instead of investing in winning right away, they are using the 1st pick in the draft on his replacement. he’s outta there for sure. Colts are delusional if they think they can have their cake and eat it too. If they pay the 28M and force Manning to stay, then they will piss off Luck. he wants to play now, doesnt want to sit on the bench for 3 years.

    Manning will prefer Miami 10x the Jets. Miami has the good weather. Miami has Jake Long, who has been in the pro bowl every year he’s been in the league. Manning will want that protection for hsi neck. Miami doesn’t have Sanantonio Holmes, who is a cancer on the team. Yes, Miami has Marshall, but he’s not a whiner and moaner like Sanatonio. Also, Miami has the 8th or 9th pick (coin toss) in the draft, which if they have Manning they can then use on Reif, the stud RT out of Iowa or perhaps Blackmon if he fell that far, or anyone else Manning wants. lol. Miami has more cap room to spend and has a respectable diginified coach.

  35. Truth be told, with or without P Manning, the colts are going to kind of suck for say 4 – 5 years until they rebuild around A Luck. The real problem is they will hover around 7-9 maybe 8-8 and lose out on a chance to get some real premium talent at top of draft in next few years.

  36. Smart money is on the Redskins. Shanahan needs a QB which would make the Redskins very competitive in the NFCE.

    As much as my disdain for the jets organization, Eli owns NY win or lose. There is no way Peyton would want to take anything away from his little brother. Miami could pay Peyton’s tab but somehow they will F– that up too.See Harbaugh/Fisher.

    —-
    He could take more from Eli literally by playing for the skins. That’s why I think he stays out of the NFC and especially the NFC east. Then there is a chance they meet in the SB.

  37. San Fran is perfect fit. Reggie Wayne is going to be available to. Manning plus Wayne/Davis/Crabtree/Gore equals favorite for 2013 title. That team would be sick.

  38. The Colts have no one to blame but themselves. This is the NFL, injuries are very common. What team in their right mind signs a player, who’s had neck problems in the past, to an enormous contract without making that player pass a physical?

  39. Do a little medical research on this type of neck injury/surgery and what the prognosis is for taking another NFL hit on same & then tell me who in their right mind would spend 28 million on this degree of risk !!

  40. The fans don’t get to choose the QB they want to see. I’m sure Luck doesn’t want to get eaten alive out there. Who wouldn’t want to benefit from sitting by a HOF QB and gaining there knowledge and experience right with them? Hell, he might even get you a ring or two! Don’t forget, this was not Peyton Mannings first neck surgury.This was some ground breaking stuff that he had to travel all the way to Europe for. If you notice, he is way too good of spirits for a person who may never do what they love again. He’s in commercials, does interviews all the time, and is always upbeat, mysterious, and ominous they way he speaks about anything in the future. Peyton manning will play for another 5 to 6 seasons and set crushing mega records. As for Luck, his time will come and he will be a Superbowl contending QB out of the gate.

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