Top 100 Players of 2013
The new contract doesn't change Manning's pay and is not a restructured deal in the traditional sense, but the league's treatment of Manning's contract does change, Yahoo! Sports reported Sunday.
The contract Manning originally signed in 2012 included a $20 million salary for 2013 and 2014. Under the new deal, Manning gets a $10 million salary advance in exchange for his base salaries in 2013 and 2014 being lowered to $15 million each season.
Citing a source with knowledge of the contract details, Yahoo! Sports reports that the $10 million advance will be treated like a signing bonus and prorated over four seasons. The net result of that? Manning's cap number reportedly gets reduced by $2.5 million in 2013 and 2014, then rises by $2.5 million in 2015 and 2016.