okay, so peyton manning and the colts restructured his 100 million dollar contract so that the colts will save money in the salary cap? how does that work? so is manning getting paid less?
2007-02-21 08:26:52 · 3 answers · asked by Kevin H 3 in Sports ➔ Football (American)
he was to get a roster bonus of 10million, which would count towards the cap-room (109million), but he changed the kind of bonus in his contract to a signing-bonus type bonus which can be spread over the remaining years in his contract (meaning it will now only be ~2+million, allowing them to use ~8million for paying other players.
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The Super Bowl MVP was to receive a multi-million-dollar roster bonus during the offseason but by converting the money into a regular signing bonus, the Colts can prorate that amount over the remaining four years of his deal. That saves Indianapolis space under the cap, which is $109 million.
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I may have not used the term "regular" signing bonus, but if you read the article, it's pretty clear whatever he's doing is saving them $$, but not eliminating the bonus from the Cap
2007-02-21 08:37:16 · answer #1 · answered by Andy T 4 · 0⤊ 0⤋
signing bonuses dont count towards cap room. He probably got more of a signing bonus
2007-02-21 16:50:29 · answer #2 · answered by Matt T 3 · 0⤊ 0⤋
he is probably getting a bigger signing bonus which does not fit into the cap as much.
2007-02-21 16:36:40 · answer #3 · answered by hooah89d 4 · 0⤊ 0⤋