As it turned out, Peyton Manning didn’t take a pay cut this season.
Although the Broncos got Manning to agree to reduce his base salary for the 2015 season from $19 million to $15 million, Manning got the Broncos to include two significant bonuses: $2 million for reaching the Super Bowl, and $2 million for winning the Super Bowl.
Manning earned the first bonus two weeks ago and the second bonus tonight, and as a result he still gets paid $19 million for the 2015 season.
The 2016 season is the final year on the five-year contract Manning signed with the Broncos as a free agent in 2012. Manning is due $19 million for 2016, although it’s unlikely that he will see any of that money, as Manning is expected to retire.