Colt's to release Peyton Manning tomorrow

[coltsfan1955]

$26M is what Peyton got paid for last year.

$28M this year, deferred or not the money was committed, colts fails to understand that.

It isn't just "meerly" $5M... irsay would have had to pay this year.

man you are an uneducated addition to this conversation

Irsay did not pay the $28m this year now did he?

Manning in now free to sign with any team he wishes isn't he?

So Peyton could sing a contract with the colts for one dollar if he wished to couldn't he?

This is tedious and I have tried hard not to talk down to you, but get a clue before you engage in a debate for goodness sake!

[coltsfan1955]

Those "deferments"...yeah they add up...

They only had time to negotiate up until free agency period. If nothing by then they Irsay was committed by contract to pay the $28M from what I've read at least.

Then you need a better source of information. It is complex wording which is why you should be careful who you are listening to.

[coltsfan1955]

Awww crap... they cut Curtis Painter too... well now we're really screwed.

Look at the bright side, the 2012 Colts will get into the record books for going 0-16. Of course the heavy price that it will cost you is seeing way too much of Irsay.

[coltsfan1955]

Redskins gave up 3 1st round draft picks and a second rounder to move up 6 spots to get RGIII.

[Curmudgeon]

Apparently colts there are a lot of people who don't understand how the pay is structured in the NFL in regards to caps. I guess you ought to go clue them in and explain to them how it is all a lie.

From around the the web:

The Colts do not necessarily want to part ways with Freeney, but they need the salary-cap space and Freeney has a $19 million cap number this season and is unwilling to restructure his contract, according to sources.

The Colts are old. Their talent base has withered. Manning. Jeff Saturday. Dwight Freeney. Reggie Wayne. The Colts are in massive rebuilding mode, no matter if their quarterback is Andrew Luck, Curtis Painter or any of Archie Manning’s sons. Keep Peyton Manning on the 2012 Colts, and if things go well, Indy might finish 8-8. The playoffs would be a total stretch, and no way would the Colts be a deep post-season contender.\
If the Colts do a solid job of rebuilding — draft well, make wise personnel decisions with the current roster, sign decent free agents that don’t cripple the salary structure — they could be a solid team again in 2015. Maybe 2014, but not likely. 2015 would be a very good makeover target. In 2015, Peyton Manning will be 39 years old.

In the comments, I was asked what sort of contract I thought Manning would command and I came up with this masterpiece (if I do say so myself) for a possible opening offer from the Jets:

4 years – 75m

Year one – 10m signing bonus, 10m incentives, 2.5m salary (CAP HIT 5m)
Year two – 7.5m salary, 5m incentives (CAP HIT 25m assuming he met the incentive in year one)
Year three – Salary 12.5m, 5m incentives (CAP HIT 20m)
Year four – Salary 17.5m, 5m roster bonus (CAP HIT 25m)

If he got injured in the first year, they could release him in year two with 7.5m of dead money and his 7.5m salary coming off the books. If he got injured in the second year and missed the incentives, they’d get a 5m cap credit to offset the 5m of dead money if they cut him in year three. A cap hit of 25m in 2013 seems rough, but with Sanchez and Pace coming off the books, there’s some scope, plus they could restructure to reduce it by 4-5m or extend the deal if he does well in the first year.

The reason his initial cap hit is so low is because (a) the signing bonus is spread over four years and (b) the incentives you are using would be NLTBE (not likely to be earned). NLTBE incentives don’t count against the cap unless you earn them, in which case, the cap hit bites the following year. Since Manning didn’t play in 2011, any incentive parameter they set (eg 25 TD passes) would be NLTBE because he did not meet it in the previous year. You would not be allowed to set these ridiculously low (ie 1,000 passing yards for the season), because the league would see through that, but as long as they were reasonable, but Manning still felt confident of attaining them, then this could work for both parties.

The Indianapolis Colts have to make a big one. If they do not pay quarterback Peyton Manning a $28 million roster bonus by Thursday — or renegotiate it — he will become a free agent. If they pay it, and Manning’s neck problems prohibit him from playing in 2012, or ever, the Colts’ salary-cap structure is shot.

[coltsfan1955]

I am over coddling you just for the sake of trying to get along. You are quoting nonsense opinions and a contract that ceased to exist. This amount of hard headedness is just ignorance. The world is full of opionated idiots, I have tried as patiently as I possbly could to walk you through some basic facts that you have completely wrong.

[coltsfan1955]

Even your own source tells you your flaw!

"or renegotiate it"......................even that is not correct however. They did not have to "renegotiate it(the contract)", they needed to rewrite an entirely new contract. You know, like KC Chiefs have alredy sent him? Or like John Elway and Peyton Manning is talking about?

The old contract is like any other expired contract now, and the only remenant is a $10.4m salary cap hit for 2012, no hit for 2013.

[NHPats2011]

$26M is what Peyton got paid for last year.

$28M this year, deferred or not the money was committed, colts fails to understand that.

It isn't just "meerly" $5M... irsay would have had to pay this year.

man you are an uneducated addition to this conversation

Irsay did not pay the $28m this year now did he?

Manning in now free to sign with any team he wishes isn't he?

So Peyton could sing a contract with the colts for one dollar if he wished to couldn't he?

This is tedious and I have tried hard not to talk down to you, but get a clue before you engage in a debate for goodness sake!

Whenever I see you calling someone else uneducated it makes me chuckle. Thanks for the laugh CF!

[Porterhouse]

$26M is what Peyton got paid for last year.

$28M this year, deferred or not the money was committed, colts fails to understand that.

It isn't just "meerly" $5M... irsay would have had to pay this year.

man you are an uneducated addition to this conversation

Irsay did not pay the $28m this year now did he?

Manning in now free to sign with any team he wishes isn't he?

So Peyton could sing a contract with the colts for one dollar if he wished to couldn't he?

This is tedious and I have tried hard not to talk down to you, but get a clue before you engage in a debate for goodness sake!

Whenever I see you calling someone else uneducated it makes me chuckle. Thanks for the laugh CF!

Yeah- As if the NFL hasn't thought of someone pulling that little salary cap trick. Maybe if Jim Irsay pounds the table no one will notice. LOL

And thanks to your quote I've had a rare glimpse into the mind of a genius... priceless!

[CaptainCorruption]

$26M is what Peyton got paid for last year.

$28M this year, deferred or not the money was committed, colts fails to understand that.

It isn't just "meerly" $5M... irsay would have had to pay this year.

man you are an uneducated addition to this conversation

Irsay did not pay the $28m this year now did he?

Manning in now free to sign with any team he wishes isn't he?

So Peyton could sing a contract with the colts for one dollar if he wished to couldn't he?

This is tedious and I have tried hard not to talk down to you, but get a clue before you engage in a debate for goodness sake!

Whenever I see you calling someone else uneducated it makes me chuckle. Thanks for the laugh CF!

Yeah- As if the NFL hasn't thought of someone pulling that little salary cap trick. Maybe if Jim Irsay pounds the table no one will notice. LOL

And thanks to your quote I've had a rare glimpse into the mind of a genius... priceless!

Not a salary cap "trick', its legit. You can renegotiate, and if the new deal makes more cap space then so be it. The link I provided earlier in this thread was written by an ex NFL GM and explored the renegotiation concept. Many other sources have mentioned that renegotiation was a possibilitiy and perfectly legit with the NFL's new CBA. Eli just renegotiated to make cap space available. Its completely fair play.

I'm quite sure the reason that didn't happen wasn't money on either side but Irsay going into full rebuild mode and Peyton wanting to still pursue playoffs and rings.

[madchemist]

Perhaps my memory isn't what it once was, but I seem to recall the Colts cutting a player under similar circumstances and there was a long period before they could resign them. It would have been under a differenet CBA so might not be relevant.

But even assuming CF is right, he's assuming that Peyton would play for an aging team trying to rebuild for 2 or 3 million a year. Kerry Collins cost us 4 mill for two years. The 10 mil cap hit would be in effect, so if the Colts could resign him for 8 million a year, that would still be a 18 mil cap hit. I've been a huge fan of Dallas Clark, but the last couple of years, the few games he's played he just hasn't been the same. Dropping a third and ten pass, puts the team and a young QB in a hole.

I agree with Cap, it's good to be doing it all at once. Remember we were in a decline. Two years ago wasn't pretty, and last year was a disaster, and it wouldn't have been a lot better with Peyton.

As for the players cut, not renewed, I'm sorry to see them go--but for some it must also be a relief. Do you think Wayne, Clark, Addai would want to spend the next 2 or 3 years rebuilding and then miss the restoration of the team? Why not go someplace for a year or two that will be winning. I wouldn't be at all surprised to see several of them join Peyton somewhere for a year or two.

If you think that the Colts could return to glory in a year or two, while retaining these guys I guess we'll just have to disagree.

I think if we'd won another game or two and didn't have the first or second pick with two very solid qb available (and I know that they could both flop----there's no assurance that Peyton will play again, or be anywhere near what he was either) we wouldn't be having this discussion. Yeah, St. Louis got 3 1st round picks and a second for thier second pick. That's three full seasons before the impact will be felt, and PM would be approaching 40.

[madchemist]

$26M is what Peyton got paid for last year.

$28M this year, deferred or not the money was committed, colts fails to understand that.

It isn't just "meerly" $5M... irsay would have had to pay this year.

man you are an uneducated addition to this conversation

Irsay did not pay the $28m this year now did he?

Manning in now free to sign with any team he wishes isn't he?

So Peyton could sing a contract with the colts for one dollar if he wished to couldn't he?

This is tedious and I have tried hard not to talk down to you, but get a clue before you engage in a debate for goodness sake!

Whenever I see you calling someone else uneducated it makes me chuckle. Thanks for the laugh CF!

Yeah- As if the NFL hasn't thought of someone pulling that little salary cap trick. Maybe if Jim Irsay pounds the table no one will notice. LOL

And thanks to your quote I've had a rare glimpse into the mind of a genius... priceless!

Not a salary cap "trick', its legit. You can renegotiate, and if the new deal makes more cap space then so be it. The link I provided earlier in this thread was written by an ex NFL GM and explored the renegotiation concept. Many other sources have mentioned that renegotiation was a possibilitiy and perfectly legit with the NFL's new CBA. Eli just renegotiated to make cap space available. Its completely fair play.

I'm quite sure the reason that didn't happen wasn't money on either side but Irsay going into full rebuild mode and Peyton wanting to still pursue playoffs and rings.

There's a difference in what Eli did and what you're talking about. He's total dollar amount remained the same, but moved it towards the end of the contract. In order for Peyton to have renegotiated, it would have meant extenging his contract for more years. Plus isn't there a restriction on renegotiating the first year of the contract?

[Curmudgeon]

No one, including myself , said they couldn't renegotiate...the problem is it had to be done prior to the free agency period this year... else that clause took effect and Irsay would have been REQUIRED to pay Peyton $29M. by his contract...PERIOD.

[CaptainCorruption]

No one, including myself , said they couldn't renegotiate...the problem is it had to be done prior to the free agency period this year... else that clause took effect and Irsay would have been REQUIRED to pay Peyton $29M. by his contract...PERIOD.

Curm... the renegotiation could have happened last week and any time last month. The deadline for any renegotiation was when the $28 million was due, and if both sides had agreed to change the due date then that new due date would have been legit as well.

Really, this is all just nitpicking but the bottom line is that there was plenty of time for any renegotiation to happen, no problem. There was no renegotiation because money wasn't going to change the circumstances.

But yeah, you're right... barring a renegotiation the $28 mill was due last week.

[NHPats2011]

No one, including myself , said they couldn't renegotiate...the problem is it had to be done prior to the free agency period this year... else that clause took effect and Irsay would have been REQUIRED to pay Peyton $29M. by his contract...PERIOD.

Curm... the renegotiation could have happened last week and any time last month. The deadline for any renegotiation was when the $28 million was due, and if both sides had agreed to change the due date then that new due date would have been legit as well.

Really, this is all just nitpicking but the bottom line is that there was plenty of time for any renegotiation to happen, no problem. There was no renegotiation because money wasn't going to change the circumstances.

But yeah, you're right... barring a renegotiation the $28 mill was due last week.

CF appears to be operating under the delusion that if the Colts retained Manning's services that they would once again be SB contenders. Then again, CF regularly operates under many delusions.... The only real question I have is why did the Colts pay for him last season? Did they really not know the severity of his condition?