We've been saying for weeks that all of the doomsayers who claim the Colts cannot afford to keep Peyton Manning on the roster are wrong. J. I. Halsell notes the simple facts for everyone:
While #Colts can avoid 28M in CASH by term'ing Manning, they'll only save 1M on their 2012 cap. Current cap# = 17M; will be 16M if released.— J.I. Halsell (@SalaryCap101) February 1, 2012
Does that mean he's staying? Nope. That means that the Colts need Manning healthy by March 8, 2012 to keep him and then have some juggling to do with their cap in the years that follow. 2012 isn't a problem however due to Manning. Dwight Freeney and Dallas Clark have huge cap numbers in 2012.
Keeping Manning, re-work his deal next season an option? If so, I would rather keep Manning and cut Freeney, Clark and Brackett to mak up the difference in cap dollars...
This just proves to me that I have absolutely no idea how salary cap and financial logistics work in the NFL.....
Also, considering this and Manning's recent assertion of health, it gives me great hope that we'll have at least one more year of Manning (which would be the greatest thing ever).
@7IHd I guess I should throw in a disclaimer here that I'm not certain this is how the cap works in relation to bonuses, but the following makes sense to me:
If we look just at his $20M signing bonus and the $28M bonus due March 8 and ignore his salary each year, if they don't pay him March 8 then the $20M is spread over 2 seasons, so $10M this year and $10M next year. If they do pay it then the $48M (20 + 28) is spread over 5 years, so $9.6M each year.
If I'm right then paying or not on March 8 changes very little for 2012. But we already knew Manning's contract last year would hurt the 2012 cap, the question is whether it hurts the 2013, 2014, and 2015 caps.
Anyone have any idea if this is accurate?
@18to88 Luv Peyton!Would break my heart to c him go!Want to keep him!So ready 4 this 2 b done tho. It's killin me daily~the not knowing...
I think Clark is gone, hopefully they resign Tamme before they cut him though, no need to get Tamme's agent anymore leverage.
So I think Irsay has to decide on how much he values 28 million, and then the thing comes down to if Peyton can come back before the season, if not, he is going to have to be traded or retire a Colt. No way you start out the season with Luck at QB and then bring Peyton in half way through the year, just my opinion though.
Boy, it sure will be interesting to watch Grigson handle this, considering he admitted not having a lot of experience w/cap management.
Hasn't the issue been one more of the cap combined with the ability to build a new team over the course of the next 2-3 years?
Boy that sure would be a nice surprise. To keep Manning, get Luck (or RGIII) and some new coaches. If we let go of Manning and he plays for someone else, that will be, well, a right pisser!