Quarterback Peyton Manning signed a new contract with the Denver Broncos that includes an insurance clause which gives the organization financial relief if the 37-year-old is sidelined with a major injury, according to a report from ProFootballTalk on Friday.
The clause, according to the report, would provide the Broncos with reimbursement and salary cap breathing room if Manning is unable to play. He is set to make $20 million in both 2013 and 2014, but the latter year's salary can be wiped off Denver's books should Manning re-injure the same area of his neck that has undergone multiple surgeries over the past few years. However, this would not cover them if Manning were to suffer any other serious injury.
Other than that, Manning's contract and salary were in no way affected by this latest addition. It seems as though the Broncos are just further hedging against the risk of paying and playing an older NFL quarterback who is still somewhat recovering from multiple neck surgeries.
In 2012, his first season with the Broncos after missing the 2011 campaign altogether, Manning threw for 4,659 yards, 37 touchdowns and 11 interceptions, leading Denver to the top spot in the AFC before falling in the divisional round of the playoffs to the eventual Super Bowl champion Baltimore Ravens.