Colts will lose cap space if they release Manning

Per Andrew Brandt, who is a good follow on twitter. - "@adbrandt 2012 Colts Cap number for Peyton Manning: $17 million if kept; $10.4 million if released." Maybe this isn't news to everyone but me, but I sure didn't see their cap space shrinking by releasing Manning.

3 months ago Chief Willie Wildcat 27 comments 0 recs |

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a couple of additions...

“@JimIrsay We can make it work if he wants to be here.”
“@adbrandt Problem for @JimIrsay is that contract was negotiated with decision point in mind. Peyton has the leverage to say no.”

by Chief Willie Wildcat on Feb 14, 2012 4:38 PM CST reply actions

No reason for Peyton to say yes

after his GM and head coach were fired. Colts are moving on to a new era.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:45 PM CST up reply actions

and Irsay

is trying to figure out some way to renegotiate the contract so he doesn’t have to pay $28 million to a player that didn’t play a down in 2011 and who is now a health risk, plus save his cap space.

by Chief Willie Wildcat on Feb 14, 2012 5:16 PM CST up reply actions

Yep, no reason for either side to come together.

Of course, they’ll act like they want to, for PR purposes.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 5:20 PM CST up reply actions

The way I read it he was more costly to keep. Try reading Brandt’s piece (Peyton-Predicament )on Manning. You can find part one here → http://www.nationalfootballpost.com/Peyton-Predicament-Part-1.html

It’s a 3 part series.

by ValkRider on Feb 14, 2012 4:45 PM CST reply actions

by the way is that Albert or Andrew Brandt?

My info is from Andrew

by ValkRider on Feb 14, 2012 4:46 PM CST up reply actions

It is Andrew, my bad

I’ll fix it.

by Chief Willie Wildcat on Feb 14, 2012 4:46 PM CST up reply actions

Right, $17M is more costly than $10.4M.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:46 PM CST up reply actions

Of course, that's just the cap hit.

The actual cash hit is about $35M.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:47 PM CST up reply actions

got it

I went back and looked it over again. I just don’t see how they could possibly keep him.

by ValkRider on Feb 14, 2012 4:49 PM CST up reply actions

They would be idiots to do so, actually.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:52 PM CST up reply actions

You're probably right

Take the cap hit. Know that you’ll have Luck, be extremely limited on FA signings, and probably suck for another year. On the other side of the coin, a sucky year means another high draft pick. Unfortunately they won’t be out from under the mess Polian and Manning created until 2016.

by Chief Willie Wildcat on Feb 14, 2012 5:10 PM CST up reply actions

I'm talking cap space alone though..

as he says, They could be paying $51 million for both Manning and Luck, but taking nearly a $7 million hickey on cap.

by Chief Willie Wildcat on Feb 14, 2012 4:47 PM CST up reply actions

This is a story written by Albert Brandt on the Colts situation with Manning

Peyton Predicament Part 3

Again, if somehow, contrary to all indications, the Colts exercise the option on Manning and draft Luck, the combined cash to the two players – who play the same position – would be close to $51 million paid in 2012. Paying $51 million for two players at the same position, only one of which will play, is untenable.

the Cap charge for Manning’s signing bonus – before adding any salary — is $4 million per year every year from 2011-2015.

Remaining signing bonus proration accelerates upon release of a player. Thus, were Manning released, the entire remaining unamortized bonus — $16 million — would accelerate into the 2012 Cap. This charge is commonly referred to as "dead money": amounts on a team’s Cap for players no longer on the roster.

by Chief Willie Wildcat on Feb 14, 2012 4:45 PM CST reply actions

Again, Andrew

my bad.

by Chief Willie Wildcat on Feb 14, 2012 4:51 PM CST up reply actions

ahhh I re-read the series

actually I just scanned it but basically yes it would cost them more under the CAP but they save a bunch of CASH
Either way they screwed themselves on his contact.

by ValkRider on Feb 14, 2012 4:48 PM CST reply actions

Exactly

so it does add to the drama of what they actually do next month. They need some serious rebuilding pieces and this does not help.

by Chief Willie Wildcat on Feb 14, 2012 4:50 PM CST up reply actions

Their fans that want to keep him are morons.

Everything is set up perfectly for them to make a clean break into a new era, and they couldn’t ask for a better prospect to lead them going forward. They should be thanking their lucky stars instead of going all nostalgic.

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:54 PM CST up reply actions

I see both sides

if he had been a Chief for 10 years and had taken them to the Super Bowl a couple times and won one, it’d be hard to let go. Even if Luck is the next superstar, he has yet to do anything in the NFL. I get told that all the time when commenting on prospects.

by Chief Willie Wildcat on Feb 14, 2012 4:56 PM CST up reply actions

Irsay puts Peyton in a corner

"We want guys that start their careers with the Chiefs to play for us as long as possible." - Clark Hunt

by Tarkus on Feb 14, 2012 4:49 PM CST reply actions

Nobody puts Peyton in the corner

by kcsno56 on Feb 15, 2012 8:49 AM CST up reply actions

So you're saying they should keep Peyton and we should trade up for Luck?

by chiefFANatic on Feb 14, 2012 4:50 PM CST via mobile reply actions

of course not ... they're still going to draft Luck, regardless of what happens with Manning

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by upamtn on Feb 14, 2012 4:56 PM CST up reply actions