The Peyton Manning era in Denver is officially under way.
The Denver Broncos introduced Manning as their new starting quarterback at a news conference Tuesday afternoon. Manning earlier reached agreement on a five-year, $96 million contract on Tuesday, a league source told ESPN NFL Insider Adam Schefter.
He will wear the No. 18, which had been retired by the team, for the Broncos.
A source told ESPN business analyst Andrew Brandt that Manning will be paid $18 million in 2012.
He will be paid $20 million in both the 2013 and '14 seasons if he passes a team physical to be given 10 days before the start of the 2013 league year. There is an injury waiver included in the contract, however, covering Manning's surgically repaired neck. If he re-injures the neck during the 2013 season, the Broncos will not have to pay his 2014 salary.
He is scheduled to make $19 million in both '15 and '16, but must pass a physical before each league year.
The Broncos now will attempt to trade quarterback Tim Tebow, sources told ESPN senior NFL analyst Chris Mortenesen and Schefter.
|Manning and Elway, out of the closet|
Alright blah blah blah Peyton is going to get hurt in the next five years and we'll see what happens. What I can't believe is that the Broncos unretired 18 for Peyton to wear. I mean John Elway might as well just suck on Peyton Manning's nuts in front of us all. All I have to say is that if this move doesn't pan out for Denver the fucking Tebow train riders will go berserk.