The Denver Broncos, the Tennessee Titans or the San Francisco 49ers are going to wind up spending more money than originally thought on Peyton Manning if the Denver Post's Mike Klis is correct in what he now has as a revised contract figure:
My previously reported contract parameters for P. Manning were too low. Broncos, Titans, 49ers working off his old five-year, $90 mil deal— Mike Klis (@MikeKlis) March 16, 2012
His deal called for him to make _ gulp! _ $61.4 mil over 2 yrs; $69 mil over 3 yrs. Broncos understand the parameters. They're in.— Mike Klis (@MikeKlis) March 16, 2012
Klis originally reported that the Broncos and other teams were working on a five-year, $60 million contract for Manning, but now indications are that teams will need to work on the mega-contract Manning signed with the Colts last year -- the one he signed last summer and then never took a snap after, the one that led to his release earlier in the month.
Are we looking at fool's gold here?