Thursday, May 16, 2013

Did Peyton Manning Sign Renegotiated Contract?

Update II: Manning's revised contract actually saves the Broncos $2.5 million in cap space in both 2013 and 2014.

Update:
Manning's contract was merely adjusted to include an insurance policy for the team.

Late Thursday evening,—and pointed out by many folks on Twitter—that NFL.com/Transactions had recorded a renegotiated signed contract between quarterback Peyton Manning and the Denver Broncos.

Such an occurrence would be a huge story, which makes it surprising that there has been no confirmation (or denial) of the report from the media or the team as of early Friday morning.  It may have been a mistake or some form of a typo, but NFL.com's transaction page presumably is fed information straight from the teams.
In any case, NFL.com's transaction list should be taken with a grain of salt, as the site also says defensive end Dwight Freeney visited the Indianapolis Colts (he visited the San Diego Chargers), and the Cleveland Browns signed Josh Cribbs (he signed with the Oakland Raiders), as was pointed out by sportamerika's Bert Jan Brands.

Until the report is confirmed (or debunked), consider it just a rumor (even if it was created by NFL.com).