According to Chris Mortensen and Jeff Legwold Peyton Manning and the Denver Broncos are finalizing the details of a contract for 2015 the will cut Manning’s pay from $19M to $15M.
Peyton Manning ready to take $4 million pay-cut on deal in final stages; he'll make $15 million, not $19 million, per @Jeff_Legwold & myself
— Chris Mortensen (@mortreport) March 4, 2015
The deal isn’t finished and no other details have been made available.