The Denver Broncos and quarterback Peyton Manning are working on restructuring his contract, according to Mike Klis of the Denver Post. Manning, who has not yet committed to returning to football after a poor final two months of last season, is owed $19 million against the salary cap.
Denver could desperately use the cap space created by a restructure. Normally, moving money around would mean converting base salary into bonus, which pushes some guaranteed money down the road. However, Manning might only be thinking of playing one more season, making this a tad more complicated for general manager John Elway. Currently, Manning has two years left on his deal at $19 million per.
Manning and Elway have already met this offseason, coming together Feb. 12 to discuss a bevy of topics along with the possibility of restructuring the contract.
Last week, the San Diego Chargers and Oakland Raiders released a joint statement detailing a proposal to build a $1.7 billion stadium in Carson that could serve as the home for both teams. The project still needs 8,041 signatures to get the proposed stadium on a ballot, but the Carson city council could follow the same bath as Inglewood and bypass a public vote by voting on the initiative in city council.
The Rams, Chargers and Raiders have all previously called Los Angeles home. For the Chargers, however, it was only in LA for the 1960 American Football League season before a relocation to San Diego in 1961. The Rams and Raiders both left the city after the 1994 NFL season.
Even so, we believe strongly that Judge Doty’s order is incorrect and fundamentally at odds with well-established legal precedent governing the district court’s role in reviewing arbitration decisions. As a result, we have filed a notice of appeal to have the ruling reviewed by the Eighth Circuit Court of Appeals. In the interim, Adrian Peterson will be returned to the Commissioner Exempt List pending further proceedings by appeals officer Harold Henderson or a determination by the Eighth Circuit Court.”