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Peyton Manning Signs 5 Years $96 Million Contract With Broncos

Denver and Petyon Manning reached agreement on a five-year, $96 million contract. Manning introduced as QB at 3 pm ET.

Here are the details of the deal.

ESPN and NFL Network first revealed details of his new contract, which was later confirmed by the Associated Press. NFLN’s Albert Breer reports Manning will get $18 million in 2012, but the Broncos do have an escape mechanism after the first year of the contract. However if he remains on the roster next March, he is guaranteed $40 million over the 2013 and 2014 seasons.

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