In the first missive from the new man-cave style set (fine, but they don’t have a stand-up desk), ESPN’s Chris Mortensen and Adam Schefter machine-gunned several nuggets from around the league.
Mort led off by explaining that, while Colts quarterback Peyton Manning will make $26.4 million this year even if he doesn’t take a snap, Manning instructed agent Tom Condon to protect the team via the inclusion of next year’s option bonus.
Sorry, but that’s a bit of a stretch.
If the $28 million option bonus due on the fourth day of the 2012 League Year isn’t exercised by the team, Manning’s contract will expire after the 2012 season, making him a free agent. Then there’s the non-exercise fee, which requires the Colts to pay the money even if they don’t pick up the option.
The only way to avoid paying the money will be to trade or cut Manning, which surely isn’t the type of protection he had in mind.
So, basically, we’d hate to see how the contract would have looked if Manning didn’t instruct Condon to protect the Colts.