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Broncos, Peyton Manning in “final stages” of a $4 million pay cut

Peyton

The Broncos wanted Peyton Manning back, and he wanted to be back.

But the Broncos have $4 million reasons to be happier today.

According to Chris Mortensen and Jeff Legwold of ESPN, the Broncos and Manning are in the “final stages” of a deal to cut his pay from $19 million to $15 million.

This kind of news was anticipated, as both sides wanted each other.

But giving back $4 million (especially when Tom Brady ends up with more money to create cap space) is a win for the Broncos, as they attempt to keep tight end Julius Thomas after franchising wide receiver Demaryius Thomas.