So much for ‘Tebowmania.’ Peyton Manning’s deal with the Denver Broncos is done, and at nearly 36, the four-time MVP is looking at a healthy payday.
ESPN reported that Manning and Denver have agreed to a five-year contract worth $96 million. There is no immediate word on the exact amount of the QB’s guaranteed money.
“The Denver Broncos and Petyon Manning reached agreement on a five-year, $96 million contract on Tuesday, a league source told ESPN NFL Insider Adam Schefter.
“Manning will be introduced as the Broncos’ new starting quarterback at a 3 p.m. ET news conference.
“The Broncos now will attempt to trade quarterback Tim Tebow, sources told ESPN senior NFL analyst Chris Mortenesen and Schefter.“
This is a breaking news update. Check back frequently as more details on Manning’s deal become official.