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Peyton Manning is restructuring his deal to stay with the Broncos

Mike Klis of the Denver Post reports that the Broncos and Manning’s camp are looking to restructure his contract; which may explain the delay in announcing his return:

The Broncos and representatives for Peyton Manning have been working on revising the quarterback’s contract, according to multiple NFLsources.

Manning is scheduled to draw a $19 million salary in 2015 and 2016 — down from the $20 million he made in both the 2013 and 2014 seasons.

Restructured contracts can get complicated, which could explain why there’s been a perceived delay in Manning formally announcing his intention to return to play in 2015.

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