Report: Broncos, Peyton Manning discuss restructuring contract

0:54 | NFL
Report: Broncos, Peyton Manning restructuring contract
Thursday February 26th, 2015

The Denver Broncos and Peyton Manning are discussing restructuring the quarterback's contract, reports Mike Klis of The Denver Post.

Manning, 39 next month, is due a $19 million salary in both 2015 and 2016. He made $20 million in each of the past two seasons.

Earlier this month, new Broncos head coach Gary Kubiak said there was "no doubt" the team wants Manning back in 2015. No official announcement has been made about Manning's status, perhaps due in part to the contract discussions.

• MMQB: Predicting the top 15 draft picks

The Broncos did not formally interview any quarterback prospects at the NFL scouting combine last week, reports the Post. The Broncos have Brock Osweiler and Zac Dysert at quarterback behind Manning, if he returns.

Manning played the last month of the 2014 season with a quadriceps injury and is four seasons removed from a fourth neck surgery.

"No doubt I want him to be (our quarterback). I feel good about where we are right now. It's just time," Kubiak said earlier this month, according to the Post.

• Inglewood, Calif., city council approves plan for NFL stadium

Manning finished fourth in the NFL in passing yards with 4,727 last season, his third year with the Broncos. He was also second in passing touchdowns (39) and fourth in passer rating (101.5).

The Broncos went 12-4, winning the AFC West before losing to the Indianapolis Colts in the divisional playoffs.

Mike Fiammetta

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.